New econometric research builds on the work of previous studies to show that demand elasticities vary according to the level of aggregation and the location of the market. It develops guideline demand elasticity estimates to use for different situations.
New econometric research builds on thework of previous studies to show thatdemand elasticities vary according to thelevel of aggregation and the location ofthe market. It develops guideline demandelasticity estimates to use for differentsituations.