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DEMAND SPACE: The area on or beneath a demand curve. Buyers are willing and able to purchase any demand price-quantity demanded combination that places them on or below the demand curve, but not above. The reason is that the demand curve represents the maximum demand price for a given quantity demanded or the maximum quantity demanded for a given demand price.
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SEVENTH RULE OF COMPLEXITY The seventh of seven basic rules of the economy, stating that every action in the complex world has direct and often intended consequences combined with indirect and probably unintended effects.
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The portrait on the quarter is a more accurate likeness of George Washington than that on the dollar bill.
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"It is not the mountain we conquer, but ourselves. " -- Sir Edmund Hillary, Explorer
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AIC
Akaike's Information Criterion
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