In order for a small-business order to price her products or services correctly, she must be able to understand what impact that price will have on demand. In some cases, demand will rise or fall with ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Abstract: The level of secondary reserve needed in a power system is traditionally settled by system operators according to engineering criteria. This paper proposes a novel methodology to determine ...

Ecommerce companies suffer from an over abundance of data which comes from different sources, is complied using different methodologies, and rarely tell the same story. In this analysis we focus on a ...

Abstract: We propose a method for rationalizing the determination of elastic demand curves for MARI, the mFRR cross-border balancing paltform, in the integrated European balancing process. Elastic ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

At its core, the resource demand curve is derived from the principles of derived demand. This means the demand for a resource ...

The theory of monopoly price has been generally superseded in the literature by the theories of “monopolistic” or “imperfect” competition.71 As against the older theory, the latter have the advantage ...

Managers and accountants estimate their company's demand curve to determine the highest amount they can charge for a product before the drop in demand negatively impacts revenue. When a company has a ...