You can plot your marginal revenue curve on the same graph as your demand curve. For 11 sales, the demand curve shows a price of $4.95 – but the marginal revenue from that 11th sale is $4.45.

A buyer's monopoly, or monopsony, is a market situation where there is only one buyer of a good, service, or factor of production.

The demand curve is elastic, rising or falling in response to price. General equilibrium economics is a 20th-century neoclassical theory that describes a specific—although admittedly unrealistic ...

The equation that spells out the quantities consumers are willing to buy at each price is called the demand curve. Demand and supply curves can be ... The supplier does not take the market price as a ...

Demand is generally considered to slope downward: at higher prices, consumers buy less. The point at which the two curves intersect represents the market-clearing price—the price at which demand and ...