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Gross Substitutes vs Net substitutes
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ashutosh
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Gross Substitutes vs Net substitutes
What is the difference between gross and net substitutes ? Please someone elaborate.
econ14
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Re: Gross Substitutes vs Net substitutes
dxi/dpy>0 (gross sub.)
dxi/dpy(utility constant)>0 (net sub.)
{d here is partial derivative }
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