Utility, Substitution and Demand
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MERLOT II




        

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Utility, Substitution and Demand

        

Utility, Substitution and Demand

Logo for Utility, Substitution and Demand
This short interactive essay explores how demand curves and maximization of expected utility relate, by deriving a demand curve from assumptions about an individual's utility. In addition to lecture material, there are interactive exercises included.
Material Type: Tutorial
Date Added to MERLOT: May 09, 2002
Date Modified in MERLOT: May 09, 2002
Submitter: Cathy Swift

Quality

  • Reviewed by members of Editorial board for inclusion in MERLOT.
    Editor Review
    Very good quality; in queue to be peer reviewed
    avg: 5 rating
  • User Rating (not rated)
  • Comments (none)
  • Learning Exercises (none)
  • Personal Collections (none)
  • Accessibility Info (none)

About

Primary Audience: College General Ed
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: no
Source Code Available: no
Accessiblity Information Available: no
Creative Commons: unsure

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