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Material Detail

Utility, Substitution and Demand

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.
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More about this material

Material Type:
Tutorial
Date Added to MERLOT:
May 9, 2002
Date Modified in MERLOT:
April 22, 2020
Author:
 
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
College General Ed
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
No
Creative Commons:
No

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