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 ...

To set prices that produce sales, small business owners need to understand the demand curves and inverse demand curves for their products and services. Knowing how each curve works will help owners ...

The very restrictive nature of systems of supply and demand functions which have constant elasticities is well known. The same is not true of single constant own-price elasticity demand functions.

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 ...