Answer in true or flees1 revealed preference methods, Ask an Expert

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Answer in True or Flees

1. "Revealed preference methods for valuing environmental services and goods (for example hedonic price method, travel cost model, etc.) can reveal non-use values."

2. "The elasticity of demand for gasoline is likely to be higher for price changes lasting many weeks/months than for a change persisting for only a few days."

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9531151

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