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Focusing on market demand theory, the author presents a groundbreaking perspective after extensive research. He contends that the Law of Demand primarily arises from the diversity among households rather than individual rationality. This work shifts the inquiry from how individual behaviors influence market demand to understanding how the aggregation of these behaviors shapes market demand properties. Hildenbrand's analysis challenges conventional economic theories, offering a fresh lens on demand dynamics within markets.
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Market Demand, Werner Hildenbrand
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- 2016
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