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- Demand_set abstract "A demand set is a model of the most-preferred bundle of goods an agent can afford. The set is a function of the preference relation for this agent, the prices of goods, and the agent's endowment.Assuming the agent cannot have a negative quantity of any good, the demand set can be characterized this way:Define as the number of goods the agent might receive an allocation of. An allocation to the agent is an element of the space that is, the space of nonnegative real vectors of dimension .Define as a weak preference relation over goods; that is, states that the allocation vector is weakly preferred to .Let be a vector representing the quantities of the agent's endowment of each possible good, and be a vector of prices for those goods. Let denote the demand set. Then:D(>p,p,e) = {x: px <= pe and x >p x' for all affordable bundles x'.".
- Demand_set wikiPageExternalLink bldef-demand-set.htm?terms=Demand+Set.
- Demand_set wikiPageID "5326581".
- Demand_set wikiPageRevisionID "524594865".
- Demand_set hasPhotoCollection Demand_set.
- Demand_set subject Category:Consumer_theory.
- Demand_set comment "A demand set is a model of the most-preferred bundle of goods an agent can afford. The set is a function of the preference relation for this agent, the prices of goods, and the agent's endowment.Assuming the agent cannot have a negative quantity of any good, the demand set can be characterized this way:Define as the number of goods the agent might receive an allocation of.".
- Demand_set label "Demand set".
- Demand_set sameAs m.0dfry0.
- Demand_set sameAs Q5255052.
- Demand_set sameAs Q5255052.
- Demand_set wasDerivedFrom Demand_set?oldid=524594865.
- Demand_set isPrimaryTopicOf Demand_set.