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This document discusses demand elasticities and relationships between goods. It covers: 1) Marshallian demand elasticities including compensated price elasticities and how compensated and uncompensated elasticities are related through the Slutsky equation. 2) The concepts of gross and net substitutes and complements, and how these relate to substitution and income effects. 3) How price elasticity relates to the change in total spending on a good when its price changes.
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