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Why is the ordinary demand curve flatter than a compensated demand curve if the good is a normal good but the reverse is the case if the good is inferior?
because the ordinary demand curve ignores the income effect of price changes.also since the compensated demand curve is less inelastic than an ordinary demand curve.
What is the difference between demand function and demand schedule?
Demand schedule: a list of demand/price equivalencies. It can best be seen as a table with discrete points. Demand function: a continuous function of price-demand interaction. Main difference: schedule is discrete; function is continuous.
What is a demand curve and how it is different from demand function?
The demand curve demonstrates what happens when a product is demanded by customers. A demand function refers to an event that can affect the demand curve.
Why price on y-axis in demand function?
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
What is demand function.what are its determinants of demand function?
the determinats demand are prices and non price factor
Why is the ordinary demand curve flatter than a compensated demand curve if the good is a normal good but the reverse is the case if the good is inferior?
because the ordinary demand curve ignores the income effect of price changes.also since the compensated demand curve is less inelastic than an ordinary demand curve.
What is the difference between demand function and demand schedule?
Demand schedule: a list of demand/price equivalencies. It can best be seen as a table with discrete points. Demand function: a continuous function of price-demand interaction. Main difference: schedule is discrete; function is continuous.
What is a demand curve and how it is different from demand function?
The demand curve demonstrates what happens when a product is demanded by customers. A demand function refers to an event that can affect the demand curve.
Why price on y-axis in demand function?
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
What is demand function.what are its determinants of demand function?
the determinats demand are prices and non price factor
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
Suppose that the demand function for an ordinary city is p = 100 – 0.01x (in RM) and the cost function is C(x) = 50x + 10 000. Compute the value of x that maximize the profit and determine the corresponding price and total profit for this?
0 that is the answers
What is the function of demand?
In straight proportion
How are ordinary shares valuated?
In a free market they are valued by the law of supply and demand.
How do you convert marshalian demand function in to hicksian demand function?
since I do not know the answer,guys if it is clear for you send the answer via habtamuasitatikie@gmail.com
What is linear demand function and it relevant to a firm?
A linear demand function means that any change in the price of the output will have the same effect on the quantity demanded, whatever the price was. It has little relevance to a firm since the demand function is never really linear.
What is the function equation of demand?
The demand function relates price and quantity. It tells how many units of a good will be purchased at different prices. In general, at a higher price, less will be purchased. Thus, the graphical representation of the demand function (often referred to as the demand curve) has a negative slope.
