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Published on Oct 6, 2009
In this video, I demonstrate how to derive demand in a simple two-good case (a good of interest and a composite good with price $1). My derivation uses the intuition from the graph of a consumer's optimal choice, as well as some basic calculus (partial derivatives).
Check out a description of my teaching activities here:
Check out a list of the videos in this series (organized by topic) here: