The market demand-(and supply) curve paradox
Peer reviewed, Journal article
Published version
Permanent lenke
https://hdl.handle.net/11250/3100434Utgivelsesdato
2021Metadata
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Originalversjon
Economics and Business Letters (EBL). 2021, 10 (1), 69-71. 10.17811/ebl.10.1.2021.69-71Sammendrag
After many years of teaching utility maximization in Microeconomics a certain paradoxical puzzle has come to our attention. It is very simple and straightforward, but we still find it hard to explain it to students. Our hope is that the distinguished community of theoretical economists may help us solve this mystery. After all, we would find it extremely unlikely that we are the first persons to identify this paradox. Keywords: microeconomics, utility maximization, demand curve, market demand curve, supply curve