Walrasian Demand

Definition

Walrasian demand, also called "regular demand" or "Marshallian demand", is different from Hicksian demand.

Budget set

Here x is a vector of goods (in unit)

Demand correspondence

This is equivalent to the UMP.

Note

• Units on the utility-budget graph's axis are "unit" of goods.
• "wrt" means "with respect to"

Example