Price elasticity of demand (PED) is the change in quantity demanded for a good/service related to its change in price. For example, If the price of bubble gum increases, PED measures the sensitivity of the resulting decline in demand for bubble gum. Is cross-price elasticity positive or neg...
Article MathSciNet Google Scholar Thimmapuram PR, Kim J, Botterud A, Nam Y (2010) Modeling and simulation of price elasticity of demand using an agent-based model. Innov Smart Grid Technol Conf ISGT 2010:1–8. https://doi.org/10.1109/ISGT.2010.5434739 Article Google Scholar Petricek M,...
On the one hand, the land ecosystem provides the material support of farmland resources and water resources for grain production, but on the other, farmers’ excessive cultivation of the land and overuse of pesticides and fertilizer to meet the increasing food demand have caused the loss of ...