The paper examines demand elasticity and export variety in trade dynamics, suggesting implications for countries.
The problem of reciprocal demand, 582. — Advantage of variety of exports, 586. — Gains of large and small countries, 589. — Influence of demand for foreign products, 595. — Elasticity of demand, 600; of supply, 607. — The case of India, 610. — Long-run and short-run factors, 612. — Conclusion, 616.
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Frank Graham (1932) studied this question.
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