Category Archives: Microeconomic Theory

In Defence of the Linear Demand Function

Posted on June 21, 2016 by

Presentations of microeconomic analysis often assume linear demand functions, but rarely justify them in terms of utility theory. However it can be done, and without making outrageous assumptions. Originally posted 11/2/2016.  Re-posted following site reorganisation 21/6/2016. Run a Google search … Continue reading →

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