Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Demand is what the consumer can and is willing to buy at a given price over a given time period. Analyzing demand is a complicated process that takes into account many variables. Economists and ...

A linear demand curve is a line representing the relationship between the demand for a product or service and its price. Everyone knows that sales are proportional to price: The more you charge for an ...

Vol. 24, No. 3, General Equilibrium, Incomplete Markets and Sunspots: A Symposium in Honor of David Cass (Oct., 2004), pp. 493-501 (9 pages) It is shown that the property that the equilibrium manifold ...