Find out how and why mathematics is used in microeconomics, its limitations, and the math skills that economics students need.

The fundamentals of supply and demand are the core of retail product availability and pricing. When you find the balance, or equilibrium curve, of the supply, demand and price of a product, it reduces ...

In economics, the consumer surplus is the satisfaction a consumer receives when purchasing a good or service. Graphically, it is depicted as the triangle-shaped area formed by the aggregate demand ...