Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

Understanding the fundamental concepts of economics is vital for any business or individual aiming to make informed decisions in today’s ever-changing market. One of these key concepts is the quantity ...

ABSTRACT: We estimate the money demand function and the money supply function for Canadasimultaneously by the three-stage least squares method. The inflation gap and the output gap are incorporated in ...