Full text: Statistical laws of demand and supply

INDEX 
of sugar, 169-71; of synchronous 
items, 102 
Acreage: of beets harvested, 140, 150; Cost curve, 104-14; accounting, con- 
planted to cane, 140, 150 fused with theoretical, 207, see also 
Adcock, R. J., 66 Cost curve, ogive; concave down- 
Am ’ L op ward, 118; defnition of, 104; fre- 
0F036, Lg), 126 I, Juency, its relation to ogive cost 
Arc elasticity, 9-12 “urve, chart, 110; kinds of, 118-10; 
Auspitz, R., and Lieben, R.: Gesammt- marginal, 108-9; ogive, 108-10; only 
angebotskurve (total supply curve), condition of, 104; relation to supply 
115, 116; Gesammtkostenkurve (total ‘urve, chart, 112, 210; theoretical, 
cost curve), 105, 107 chart, 106; total, of Auspitz and Lie- 
ben, 105, 107, importance of its shape, 
120, its relation to other cost curves, 
108-9, its relation to total supply 
curve, 115 
Cost data, limitations of, 107-8, 113 
Cost, laws of, 118-24; Cournot’s state- 
ment of, 121; Edgeworth’s statement 
of, 121-24; relative, 124-25 
Cost of production: curve, confused 
with the accounting cost curve, 207; 
formula, 206; and price, 114; rela- 
tive, 124; and supply, 104~25; and 
tariff, chap. vi; theoretical aspects 
of, 207-10 
Cournot, Augustin, vii, 7 n.; on elasti- 
sity of demand, 6; on law of demand, 
14; on laws of cost, 121; on nega- 
tively sloping cost curve, 120 n. 
Cover, John, 151 n. 
Critical supply-price period, 132-33, 
138, 140-41 
Crop year for sugar data, 220 n. 
Cuba, sugar imports from, 162-63, see 
also Cane sugar 
Curve, see Cost, Demand, Particular 
expenses, Supply, etc. 
Curve-fitting, 35-39; limitations of, 
178-86; method related to purpose of, 
178; method and results of, 180-84; 
mutually destructive requirements 
of, 47-48; problem of, 35-39; refer- 
ences on, 66-67; straight line, 36-39 
Accounting cost curve, see Cost curve, 
ogive 
Beet sugar: acreage, 140, 150; method of 
payment for, 138 
‘Best fit,” line of, see Line of ‘best fit” 
“Best fit” plane, 180-84 
“Bulk-line” practice, 207-9 
Campbell, Norman, 70 
Cane sugar: factors affecting produc- 
tion, 140; harvesting practice ad- 
justed to price, 150; relation of 
Javan production to United States 
price, 163 
Carry-over, 142 
Carver, T. N,, 104 n. 
Cassel, Gustav, 25 n., 101 
Clerk-Mazxwell, 124 
Closed economy: elasticities of supply 
and demand in, 168; explanation of, 
101; for sugar, 163, 203-4 
Coefficient of elasticity: of demand, see 
Elasticity of demand; of supply, see 
Elasticity of supply 
Constant outlay demand curve, 9 
Consumption of sugar: statistics of, 
202, 213-18; United States per capita, 
charts, 77, 79, and price, charts, 72, 
73, 81, 82, 83; United States total, 
charts, 49, 50, 139, and price, charts, 
36, 37, 55, 57, 59, table, 53; world, 
105 
Correlation: coefficient of simple, 169; 
for demand and supply, 202; mul- 
tiple, and demand for sugar, 30-31, 
limitations of, 178-86, and supply of 
sugar, 171-78; partial, and supply 
Dalton, Hugh, on point and arc elas- 
ticity, o 
Data, see Cost data, Statistics
	        
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