Browsing Economic and Social Review by Author "Arthur, W. Brian"
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Elasticity of demand for petrol in Ireland - comment
Arthur, W. Brian (Economic & Social Studies, DUBLIN, 1973)In an article in this journal (April 1972) W . K. O'Riordan estimated the price elasticity of petrol to be between minus 1.2 and minus 1.7. These values are surprisingly high. Petrol is expensive but the other major expenses ...