Introduction to demand analysis, Macroeconomics

INTRODUCTION TO DEMAND ANALYSIS:

It is generally seen that market demand curve is downward sloping. Market demand curve (or sometimes called Aggregate demand curve) is nothing but the aggregation of individual demand curves. Individual demand curve can be constructed by joining different consumer equilibrium for different prices (remember that consumer can't alter the market prices, it is given to the consumer). In neo-classical consumer theory, price is exogenous variable, so demand curve can be obtain only if we change the price exogenously and join all the equilibrium points. From next on our objective is to find out the consumer demand curve, for which we will adopt ordinal theory and in that, we will take indifference curve approach.

Posted Date: 10/26/2012 2:23:40 AM | Location : United States







Related Discussions:- Introduction to demand analysis, Assignment Help, Ask Question on Introduction to demand analysis, Get Answer, Expert's Help, Introduction to demand analysis Discussions

Write discussion on Introduction to demand analysis
Your posts are moderated
Related Questions
• Select Facultyapproved publicly traded firm (prefer from Middle East or international unique company) which allows access to it financial information (inform me by email which co

discuss the effect that the activities of a trade union might have on an economy?

What are the three methods that societies have used to allocate their scarce resources? Give an example of each method. Give an example of a good that uses all three methods at onc


discuss the contention that the existance of a labour market in a perfect competion is a fallacy

Explain the impact of Wal-Mart's supply chain management on its total product, marginal product, and average product curves. What has been the effect on its retail prices?

The government in the cross model Net taxes NT(Y) depends positively on real GDP in the cross model In this model when national income increase

Historically, shifts toward a more expansionary monetary policy have often been associated with increases in real output. Is this surprising? Why or why not? Can an expansion in th

2012 Mangoes 91 boxes $7 a box Pinapples 56 boxes $12 a box 2013 Mangoes 108 boxes $14 a box Pinapples 70 boxes $8 a box Real GDP in 2013 using the chained-dol