Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

To set prices that produce sales, small business owners need to understand the demand curves and inverse demand curves for their products and services. Knowing how each curve works will help owners ...

Pakistan Economic and Social Review, Vol. 45, No. 2 (Winter 2007), pp. 245-256 (12 pages) Many studies have estimated the aggregate import demand function for Pakistan by using non-stationary data.