Demand

  • Where does the demand curve come from? In order to explain why individuals choose different quantities at different prices, we will use a model with three components:

  • We begin our study of microeconomics by looking at a market with many buyers and sellers, i.e. a market where there is a large amount of competition. We will study such a market in more depth in Perfect Competition, as well as other market types, but starting here makes it easy to get a feel for how the subject works.

    Demand

    The Demand Curve

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