Preamble
p. p. 24
In its February 15, 1996 Committee Order, the ER 96 Committee asked for information on how restructuring may affect price elasticities of supply and demand (Issue III.A.4). This Staff testimony begins with a definition of the concept of pr...
AI summary The document discusses the impact of restructuring on price elasticities of supply and demand, beginning with a definition of price elasticity and reviewing existing estimates of demand elasticities. It then analyzes how restructuring may affect demand elasticity and proceeds to discuss supply elasticities.