This applet illustrates the relationship between the
utility maximization decision and the resulting demand curve. The
top graph displays the utility function described in the previous
page. The bottom graph displays the resulting demand curve in
px-x
space. The vertical axis is px
and the horizonal axis is x. As you
manipulate the slider, px changes,
resulting in a new choice of x.
Geoffrey
Gerdes
Last Update: October 27, 1997