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To: gpowell who wrote (272)	11/10/2003 8:24:46 PM
From: gpowell	Read Replies (2) \| Respond to of 445

Ordinary Demand Curve: A decision maker’s ordinary demand curve is derived from maximization of utility subject to a budget constraint. Given prices of all goods, income, and tastes and preferences embodied in a utility function, the utility maximizing consumer purchases an optimal combination of goods. By changing the price of one good (Good X), holding everything else constant (prices of other goods, income, and tastes and preferences), and tracking the response of the optimal amount of Good X purchased, a demand curve for Good X is derived.