Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Normally, the demand for a product declines as its price goes up. Conversely, demand increases as its price declines. However, other factors can cause the demand curve to shift to either the right, ...

Elasticity of demand is an economics concept that relates to the relative change in quantity demanded that's associated with a price change for a product. A product has high elasticity when a price ...

Engineers often include demand factors in panel schedules and/or load calculations when preparing an electrical design. It is important to include these as permitted by the Code so that equipment is ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Eric's career includes extensive work in ...