A prominent economist once pleaded, "The labor demand curve
is downward sloping," and used this picture to calculate the wage impact of immigration (Borjas 2003).
The demand curve
of consumers with a gambling disorder (left) is modeled as a relatively small population with inelastic demand (or low price sensitivity).
The improved market balance should allow for a substantial increase in sales prices going forward, especially after significant capacity closures in Europe and North America combined with a flattening of the demand curve
, says Sven Ombudstvedt, CEO of Norske Skog.
A seller is properly said to have committed a monopolizing act (or to have engaged in a more general, monopolizing practice) if and only if its ex ante perception of its choice's profitability was "ceteris paribus critically inflated" by its belief that the conduct might benefit the seller by increasing the demand curve
it would face in the future by reducing the absolute attractiveness of the offers against which it would have to compete.
The factor demand curve
derived from the isoquant-isocost framework does not actually explain the formation of the input price it sets out to explain, nor does it show the causal influence of the output price on the input price.
As the responses come in, the demand curve
takes a noticeably less steep path, but it keeps approaching the supply line.
Formal demand curve
analyses are used to quantify the relation between price and consumption (Hursh et al.
In general, when aggregate demand is more elastic, the increase in real GDP is larger and the decrease in the price level is smaller such that a balance of trade deficit would be greater or a balance of trade surplus would be smaller than for a less elastic aggregate demand curve
All these industries are poised for a steady growth in the coming 4-5 years, as a result of which the demand curve
for security equipment and services is expected to shape up positively for players operating in the market.
This discrepancy in the supply and demand curve
was driving the prices through the roof, he said.
The welfare impacts of taxing egg-producers or imposing inefficient production techniques are critically dependent on whether advertising shifts the demand curve
by changing preferences (referred to as "hype" by Johnson and Myatt 2006 and typically associated with Dixit and Norman 1978) or rotates the demand curve
through the provision of "real" information about the product and its alternatives (Nelson 1970, 1974).
Franco Angeli, Milano, 2012), demand elasticity estimation has been pursued using supply data in order to construct a residual demand curve
for oligopolistic suppliers and measure unilateral market power through the Lemer index.