Demand Curve and Bliss Point

DOI

10.2991/febm-16.2016.15How to use a DOI?

Keywords

hypothesis of rational man; bliss point; the law of demand; giffen phenomenon

Abstract

The law of demand is the most important basic theory in economics. But lots of scholars have different opinions on this theory, and the controversy of the law of demand that some scholars believe that there is a positive correlation between demand and price, but other scholars insist that demand and price have a negative relationship has been continuing. In this paper, we rediscover the rational person hypothesis and the law of demand based on the previous studies. The research findings deepen the understanding of the law of demand and the rational man hypothesis, and provide a powerful explanation to Giffen phenomenon.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Guangping Hui
AU  - Changjun Wu
PY  - 2016/11
DA  - 2016/11
TI  - Demand Curve and Bliss Point
BT  - Proceedings of the First International Conference Economic and Business Management 2016
PB  - Atlantis Press
SP  - 95
EP  - 101
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-16.2016.15
DO  - 10.2991/febm-16.2016.15
ID  - Hui2016/11
ER  -