Analysis and construction of demand curves are part of microeconomics, which studies economic situations and reactions and applies it to small business. You can use demand curves as a small business ...

Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

Learn how variations in price elasticity affect the supply and demand curves and what factors cause differences in elasticity ...