https://gdpark.blog/tags/demand-curve/Recent content in Demand Curve on gdpark.blogHugoenSun, 17 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-03-demand-curve-and-supply-curve/Sun, 03 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-03-demand-curve-and-supply-curve/We build the demand curve from scratch using red ginseng as our example market, then unpack the law of demand plus direct vs. derived demand — heh heh.https://gdpark.blog/posts/microeconomics-07-estimating-demand-and-supply-curves/Thu, 14 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-07-estimating-demand-and-supply-curves/Using elasticity plus a few starred averages pulled from real data, we cook up an approximate linear demand (or supply) curve without having to derive it from scratch.https://gdpark.blog/posts/microeconomics-17-price-consumption-curve-and-demand-curve/Sat, 16 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-17-price-consumption-curve-and-demand-curve/We trace what happens when the price of good x keeps dropping, connect all the utility-maximizing bundles into a price consumption curve, and boom — that’s literally where the demand curve comes from.https://gdpark.blog/posts/microeconomics-21-compensating-variation-and-equivalent-variation/Sun, 17 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-21-compensating-variation-and-equivalent-variation/We dig into compensating and equivalent variation — two ways to pin down how much a price change is worth by pretending it was an income change instead.https://gdpark.blog/posts/microeconomics-22-market-demand-and-network-externalities/Sun, 17 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-22-market-demand-and-network-externalities/We stack up individual demand curves to get the market demand curve, watch it flatten under perfect competition, then kick off network externalities with real-life examples.