Law of Demand: Willingness to Pay and Consumer Surplus

In course

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Description

This lecture covers the concept of willingness to pay, the law of demand, consumer surplus, and determinants of demand. It explains how consumer behavior impacts market equilibrium and pricing strategies.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_abhhkht0

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Ontological neighbourhood

Economics

Macroeconomics: Markets

Microeconomics: Supply and demand

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