IDEAS home Printed from https://ideas.repec.org/a/kap/atlecj/v34y2006i3p361-364.html
   My bibliography  Save this article

Demand and Supply Curves: Rotations versus Shifts

Author

Listed:
  • Philip Graves
  • Robert Sexton

Abstract

Virtually all principles and intermediate texts draw demand and supply curves as parallel shifts when a non-price variable changes its value, which implicitly assumes that the demand (or supply) relation is linear. But economists commonly speak of “the” income elasticity, as if it were constant (and not varying continuously as is the case with the linear specification). If the income elasticity is constant, then the demand curve must rotate when income changes. Copyright IAES 2006

Suggested Citation

  • Philip Graves & Robert Sexton, 2006. "Demand and Supply Curves: Rotations versus Shifts," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 34(3), pages 361-364, September.
    • Handle: RePEc:kap:atlecj:v:34:y:2006:i:3:p:361-364
    DOI: 10.1007/s11293-006-9021-2
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11293-006-9021-2
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11293-006-9021-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Salvatore, Dominick, 2017. "Microeconomics Theory and Applications," OUP Catalogue, Oxford University Press, edition 5, number 9780195382686, Decembrie.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gurkan Calmasur & Meryem Emre Aysin, 2020. "Regional Technological Learning in Turkish Cement Industry," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 8(4), pages 204-216.
    2. Zdeněk Pikhart, 2013. "Kritické zamyšlení nad metodou zkoumání rakouské školy," E-LOGOS, Prague University of Economics and Business, vol. 2013(1), pages 1-10.
    3. Raymond, Christopher M. & Kenter, Jasper O., 2016. "Transcendental values and the valuation and management of ecosystem services," Ecosystem Services, Elsevier, vol. 21(PB), pages 241-257.

    More about this item

    Keywords

    A20;

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:atlecj:v:34:y:2006:i:3:p:361-364. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.