Open AccessThe market demand- (and supply) curve paradox
Author(s) -
Kjetil K. Haugen,
Knut Heen
Publication year - 2021
Publication title -
economics and business letters
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.197
H-Index - 4
ISSN - 2254-4380
DOI - 10.17811/ebl.10.1.2021.69-71
Subject(s) - economics , simple (philosophy) , utility maximization , supply and demand , microeconomics , maximization , consumer demand , demand curve , neoclassical economics , mathematical economics , epistemology , philosophy
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.