The demand equation refers to the mathematical expression of the relationship between the quantity demanded and price. The quantity that is demanded is usually denoted by letter Q while the function of the price is usually denoted by letter P.
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.
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.
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.
the determinats demand are prices and non price factor
The demand equation refers to the mathematical expression of the relationship between the quantity demanded and price. The quantity that is demanded is usually denoted by letter Q while the function of the price is usually denoted by letter P.
The demand equation refers to the mathematical expression of the relationship between the quantity demanded and price. The quantity that is demanded is usually denoted by letter Q while the function of the price is usually denoted by letter P.
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.
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.
You can tell if an equation is a function if for any x value that you put into the function, you get only one y value. The equation you asked about is the equation of a line. It is a function.
You need the supply equation, a cost function of the suppliers or one of those variables. If this is a competitive market, demand=supply so set the equations equal and solve..
a function rule
No a linear equation are not the same as a linear function. The linear function is written as Ax+By=C. The linear equation is f{x}=m+b.
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.
The set of all values of x, for which the equation is true is the domain of the function defined by that equation.
An equation just has an equal sign. A function is basically just an equation without one!
A logarithmic equation would be any equation that includes the log function.