Asked by ArtEconomics πŸ“ˆ

How do you work out the elasticity of substitution?

Pamela Olson

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This app doesn't easily let me enter formulas for some reason. It would be helpful to have a look at this link when you have a moment: https://economics.stackexchange.com/questions/5517/how-does-one-derive-the-elasticity-of-substitution It goes through an example question of how to calculate it. Hopefully you'll find it useful!

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