This article delves into the key concepts of inverse and direct demand functions, explaining how they show the relationship between price and quantity demanded. It also covers demand curve interpretation and practical applications in market analysis.

Welcome to our microeconomics guide on how to derive the demand curve from the Price Consumption Curve (PCC). We’ll explore how a consumer's equilibrium changes with the price of a good, and how plotting these changes leads to the demand curve. Along the way, we'll highlight the critical income and substitution effects shaping consumer decisions. This ordinal approach gives a richer understanding than traditional demand schedules. Whether you're a student or enthusiast, this

Explore how taxes and subsidies affect markets by shifting supply and demand, influencing prices and quantities, and causing economic incidence and deadweight loss. Learn key concepts and visualize impacts with real-world examples.

Learn how price discrimination works under monopoly, how monopolists set different prices in segmented markets, the role of elasticity, and the impact on profits and consumer surplus. Detailed explanation with examples and graphical illustrations.

Learn about price determination under discriminating monopoly: meaning, equilibrium, types of price discrimination, steps in output and price allocation, conditions, and practical examples. Perfect for economics students and exam preparation.

The Master of Science in Quantitative Economics (MSQE) program offered by the Indian Statistical Institute is a two-year postgraduate...

CUET (Common University Entrance Test) is a concept proposed by the Ministry of Education, Government of India, to create a single common...