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A curve may have equivalent parametrizations when there is a continuous increasing monotonic function relating the parameter of one curve to the parameter of the other. When there is a decreasing continuous function relating the parameters, then the parametric representations are opposite and the orientation of the curve is reversed. [1] [2]
This graph shows supply and demand as opposing curves, and the intersection between those curves determines the equilibrium price. An alteration of either supply or demand is shown by displacing the curve to either the left (a decrease in quantity demanded or supplied) or to the right (an increase in quantity demanded or supplied); this shift ...
Compensated demand curve; Duck curve; Engel curve; Hubbert curve; Indifference curve; J curve; Kuznets curve; Laffer curve; Lorenz curve; Phillips curve; Supply curve. Aggregate supply curve; Backward bending supply curve of labor
A strong orientation is an orientation that results in a strongly connected graph. The closely related totally cyclic orientations are orientations in which every edge belongs to at least one simple cycle. An orientation of an undirected graph G is totally cyclic if and only if it is a strong orientation of every connected component of G.
Rahn Curve. The Rahn curve is a graph used to illustrate an economic theory, proposed in 1996 by American economist Richard W. Rahn, which suggests that there is a level of government spending that maximizes economic growth. The theory is used by classical liberals to argue for a decrease in overall government spending and taxation.
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The issue with this approach, as outlined by Baumol, is that only one point on a demand curve can ever be observed at a specific time. Demand curves exist for a certain period of time and within a certain location, and so, rather than charting a single demand curve, this method charts a series of positions within a series of demand curves. [5]
A Lorenz curve always starts at (0,0) and ends at (1,1). The Lorenz curve is not defined if the mean of the probability distribution is zero or infinite. The Lorenz curve for a probability distribution is a continuous function. However, Lorenz curves representing discontinuous functions can be constructed as the limit of Lorenz curves of ...