In a traditional supply and demand graph, the vertical axis represents ... of a product may increase demand for its complements. For example, a rise in the price of one brand of coffeemaker ...

An Excel workbook called DemandCurve.xls provides a simple example of how to use Solver and the Comparative Statics Wizard to set up a standard consumer theory optimization problem and then derive a ...

The relationship between supply and demand can be expressed using an aggregate supply or aggregate demand curve. Using this economic law, businesses create better forecasts for future production ...