A theory of demand that views each good as a bundle of characteristics, explaining how changes in product specification and new product introduction affect demand.
An exploration of the concept of consumer choice, detailing its significance in economics and its relationship to consumer behavior.
An examination of the Generalized Axiom of Revealed Preference as a fundamental principle in consumer choice theory.
A detailed entry explaining the marginal rate of substitution, its importance, and its interpretation in economics.
A meticulous exploration of the concept of Perfect Substitute in economics, meaning and implications.
Information about preferences revealed by economic choices.
The effect on the demand for a good when the price of another good increases, assuming constant utility.
