Hoon, Hian Teck (contributor); Phelps, Edmund S. (contributor) - 2004
customer to its consumers. Raising its price causes a decrease, and lowering
the price an increase, in the quantity demanded by … chooses the path of its real
price or, equivalently, the path of its supply per customer to its consumers, to
maximize the … expression for the consumer’s required rate of interest, r:
r = ‰+ ( +‰)(q +D)Ω(q;¿) +eq
˙q
q
¶
; 0 < eq < 1: (19)
If we define …