An Excel workbook called DemandCurve.xls provides a simple example of how to use Solver and the Comparative Statics Wizard to set up a standard consumer theory optimization problem and then derive a ...

The fundamentals of supply and demand are the core of retail product availability and pricing. When you find the balance, or equilibrium curve, of the supply, demand and price of a product, it reduces ...

Business owners can analyze consumer buying behavior by studying a demand curve, which is plotted on two axes: price and quantity demanded. Demand curves always slope downward, because consumers are ...