How Much Do Prices Respond to Demand and Supply Shocks?
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More about this item
Keywords
Demand Shock; Supply Shock; Price Responsiveness; Effective Marginal Cost; Loss-balancing;All these keywords.
JEL classification:
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
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