Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In economics, demand is the consumer's ...

You can show the preference of consumers for differing products though the use of indifference curves in Excel. The general data in Excel is formatted using an XY Scatter chart, and then the specific ...

Revealed preference theory provides axiomatic tools for assessing whether individuals make observable choices “as if” they are maximizing an underlying utility function. The theory evokes a tradeoff ...

I. Complications in the comparison, 371.--II. Bilateral monopoly solutions with no income effects, 372.--III. Comparisons with competitive output, 378.--IV. Some ...