The distribution curve as a function of the shopping by many consumers

Business
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Abstract:

Within the framework of the quantitative approach in the demand theory there was obtained a curve of the goods distribution as a superposition of the individual goods consumption functions. It is shown that the curve has five price ranges. Within three of them each buyer is in one of the three states: saturated, elastic or zero consumption. For these intervals, obtained are the analytical expressions for the dependence of the amount of the goods sold on their price.