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 ...

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 ...

Demand, a chief economic principle, is the effective want for something and the willingness and ability to pay for it. A relative concept, demand is always attached to a certain price point at a ...