This quantity is relatively inelastic below the kink in the curve depicting it for an oligopoly, and the Markovian type of it is often used to model inventory control.
This quantity is relatively inelastic below the kink in the curve depicting it for an oligopoly, and the Markovian type of it is often used to model inventory control. The Slutsky identity relates two types of these quantities which compensate for substitute and income effects, the Marshallian and Hicksian types. Veblen and Giffen goods violate the law of this quantity, and the (*) "aggregate" type of this quantity refers to the total sum of it in an economy.  This quantity is usually inversely related to price, and a surplus may result if it's low. For ten points, name this quantity, the amount of a good the public is willing and able to buy, which is often paired with supply.
This quantity is relatively inelastic below the kink in the curve depicting it for an oligopoly, and the Markovian type of it is often used to model inventory control.
{demand}