The utility function can be used to derive the demand function, and both concepts relate to utility maximization.

The market demand curve and the normal curve are different in several different ways. The shape of the demand curve, its purpose and the function that defines it are all different from that of the ...

How to Estimate a Demand Curve. In economics, a demand curve represents the relationship between the quantity of a product demanded and its price. It is almost always downward-sloping, as more ...

Explain what is meant by the terms demand function and Engel curve and for each of the following state whether the function is a demand function, an Engel curve, both or neither.

The aggregate demand and aggregate supply curves depict aggregate demand and aggregate supply as functions of the price level (P).