Francisco Marhuenda Hurtado
Abstract
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We show that, under certain regularity conditions, if the distribution of income is price independent and satisfies a condition on the shape of its graph, then total market demand, F(p), is monotone, i.e., given two positive prices p, and q, one has (p - q) . (F(p) - F( q))
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We show that, under certain regularity conditions, if the distribution of income is price independent and satisfies a condition on the shape of its graph, then total market demand, F(p), is monotone, i.e., given two positive prices p, and q, one has (p - q) . (F(p) - F( q))
Key concepts: Monotone polygon, Distribution (mathematics), Graph, Income distribution, Mathematics, Economics, Econometrics, Combinatorics