Every businessperson should be familiar with the the basic laws governing supply and demand, and there is no better place to start than the demand curve. This curve is a pictorial representation of ...

In economics, the consumer surplus is the satisfaction a consumer receives when purchasing a good or service. Graphically, it is depicted as the triangle-shaped area formed by the aggregate demand ...

The paper attempts to firstly, build aggregate demand and supply curves for the non-agricultural sector of the Indian economy. Secondly, use these to briefly analyze demand and supply shocks, ...

The paper proves sufficient conditions for aggregate demand curves to be decreasing in an economy with identical consumers. The restrictions affect the functional form of Engel curves and the shape of ...