Utility and Demand

  • Ryuzo Sato
  • Rama V. Ramachandran
Part of the Advances in Japanese Business and Economics book series (AJBE, volume 1)


Microeconomic theory recognizes that the allocation of resources in economy is driven forces of demand and supply. Supply is determined by technology and the cost of inputs. In previous chapters, we discussed how group theoretic method allows us to examine the effects of technological change on supply. In this chapter, we look how the traditional results of demand theory can be reinterpreted using group theoretic methods.


Integrability Condition Utility Theory Indifference Curve Inverse Demand Function Microeconomic Theory 


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Copyright information

© Springer Japan 2014

Authors and Affiliations

  • Ryuzo Sato
    • 1
  • Rama V. Ramachandran
    • 2
  1. 1.Stern School of BusinessNew York UniversityNew YorkUSA
  2. 2.Pebble Brook LanePlanoUSA

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