Open HumphreyYang opened 9 months ago
Thanks @HumphreyYang, nice summary.
We can add a visualization showing consumers' willingness to pay and calculate the discrepancy to the actual price
Perhaps we could do this with a discrete bar graph first, so that readers can understand the integral is just an approximation of a sum.
Also, could have an introductory discussion of integration as computing area under a curve, and provide the simple integration rules that we are going to use.
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intro_supply_demand
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scipy.optimize.minimize_scalar
andscipy.optimize.newton
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