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

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 ...

Economists often use demand curves to illustrate the fluid paradigm of consumer demand in a particular market. Small-business owners also can use demand curves to understand consumer behavior. For ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Eric's career includes extensive work in both public and ...

Using high school algebra and geometry, and knowing just one rational point on a circle or elliptic curve, we can locate infinitely many others. You’re sitting at the end of a long conference table, ...