About: Price Adjustment   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

Def: The price is changed in responce to a change in demand for the product that the firm produces. The alternative is Quantity Adjustment. Price Adjustment is less likely when the price has to be lowered. It is also less likey when the change required is relatively small, the firm prefering to change the price when the change is larger (Nominal Price Rigidities)[1].

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  • Price Adjustment
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  • Def: The price is changed in responce to a change in demand for the product that the firm produces. The alternative is Quantity Adjustment. Price Adjustment is less likely when the price has to be lowered. It is also less likey when the change required is relatively small, the firm prefering to change the price when the change is larger (Nominal Price Rigidities)[1].
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  • Def: The price is changed in responce to a change in demand for the product that the firm produces. The alternative is Quantity Adjustment. Price Adjustment is less likely when the price has to be lowered. It is also less likey when the change required is relatively small, the firm prefering to change the price when the change is larger (Nominal Price Rigidities)[1].
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