Introduction to Demand: Optimizing Agents and Willingness to Pay

In course

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Description

This lecture introduces the concept of demand, starting from optimizing agents and transitioning from willingness to pay to demand. Topics covered include the law of demand, decreasing marginal utility, demand functions, and consumer surplus.

Instructors (3)

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Official source

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Ontological neighbourhood

Economics

Macroeconomics: Markets

Microeconomics: Supply and demand

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