Yes, I guess it would depend on the elasticity of the demand curve. I think in the majority of cases, you would be correct. The economist in me is just hesitating to say 100%.
On March 14th, 2012. See this statement in context.
On March 14th, 2012. See this statement in context.
March 14th, 2012 / 4:05 p.m.
Assistant Deputy Minister, Market and Industry Services Branch, Department of Agriculture and Agri-Food
Yes, I guess it would depend on the elasticity of the demand curve. I think in the majority of cases, you would be correct. The economist in me is just hesitating to say 100%.
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