Photo by anniespratt from unsplash
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… Click to show full abstract
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:
market demand;
curve paradox;
supply curve;
demand supply
Journal Title: Economics and Business Letters
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!
Journal Title: Economics and Business Letters
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!