The market demand- (and supply) curve paradox

Authors

  • Kjetil Haugen Faculty of Business Administration and Social Sciences, Molde University College, Specialized University in Logistics, Molde, Norway
  • Knut P. Heen Faculty of Business Administration and Social Sciences, Molde University College, Specialized University in Logistics, Molde, Norway

DOI:

https://doi.org/10.17811/ebl.10.1.2021.69-71

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.

References

Pindyck, R., and Rubinfeld, D. (2018) Microeconomics, Pearson, 9th edition.

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Published

2021-02-21

How to Cite

Haugen, K., & Heen, K. P. . (2021). The market demand- (and supply) curve paradox. Economics and Business Letters, 10(1), 69-71. https://doi.org/10.17811/ebl.10.1.2021.69-71

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Section

Articles