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17:02 Aug 2, 2004
English to Spanish translations [Non-PRO] Bus/Financial - Economics
English term or phrase:attempt
This is usually taken to be the price which would just have driven demand
for the good to zero in that period, i.e. the reservation price. Statistical price indices,
which take a given bundle of goods as their fixed standard and examine the effect of
price changes on the purchase cost of this bundle, may or may not be an attempt to
approximate a true cost-of-living index.