OpenLink Software

Usage stats on Quantity Adjustment

 Permalink

an Entity in Data Space: dbkwik.org

Def: The movement of a firm to a new demand curve by changing quantity produced rather than the price of the product produced. The assumption is that price is somewhat given (because of Nominal Price Rigidity), or at least less easy to predict the responce of price changes in the market. A given firm then can change the output to move more in line with its self-interest without risking as much. Quantity adjustment would be more likely to be employed when price would otherwise fall. "Prices seem to bear a relatively larger proportion of the adjustment burden when the shock is 'large', and vice versa for quantities when the shock is 'small'"[1].

Graph IRICount
http://dbkwik.webdatacommons.org5
Alternative Linked Data Views: ODE     Raw Data in: CXML | CSV | RDF ( N-Triples N3/Turtle JSON XML ) | OData ( Atom JSON ) | Microdata ( JSON HTML) | JSON-LD    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] This material is Open Knowledge Creative Commons License Valid XHTML + RDFa
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.
OpenLink Virtuoso version 07.20.3217, on Linux (x86_64-pc-linux-gnu), Standard Edition
Copyright © 2009-2012 OpenLink Software