Residual Demand Curve
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A Residual Demand Curve is a demand curve for a specific organization.
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- Counter-Example(s):
- See: Demand, Supply (Economics).
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/demand#Residual_demand_curve Retrieved:2015-4-27.
- The demand curve facing a particular firm is called the residual demand curve. The residual demand curve is the market demand that is not met by other firms in the industry at a given price. The residual demand curve is the market demand curve D(p), minus the supply of other organizations, So(p):
Dr(p) = D(p) - So(p )[1]
- The demand curve facing a particular firm is called the residual demand curve. The residual demand curve is the market demand that is not met by other firms in the industry at a given price. The residual demand curve is the market demand curve D(p), minus the supply of other organizations, So(p):
- ↑ Perloff (2008) p. 243.