What is involved with deriving demand

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What is involved with deriving demand?

We differentiate utility twice; the cross partial gives the demand curve

We solve one constrained maximization problem for each point on the demand curve

The demand curve for a given indifference curve is given by the intersections of that indifference curve with all possible budget constraints

The demand curve for a given budget constraint is given by the intersections of that budget constraint with all possible indifference curves

Simply differentiate the indifference curve

Reference no: EM132648863

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