Define an economic bad mathematically

Reference no: EM13179371

An economic bad is something you don't want to consume, i.e. less bad is better. Define an economic bad mathematically and name one economic bad in reality. Suppose you had to consume a certain amount of a given economic bad but could pay to get rid of it. What would the Marshallian Demand curve for the economic look like? Draw it in the Price-Quantity axis.

Reference no: EM13179371

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