File Details
An introduction to demand functions, supply functions and competitive market equilibrium | |
File name | An introduction to demand functions, supply functions and competitive market equilibrium |
File Description | In economics, an 'inverse demand function', P = f−1(Q),is a function that maps the quantity of output demanded to the market price (dependent variable) for that output. Quantity demanded, Q, is a function of price; the inverse demand function treats price as a function of quantity demanded, and is also called the price function.Note that the inverse demand function is not the reciprocal of the demand function—the word "inverse" refers to the mathematical concept of an inverse function. |
Category Name | Management Studies |
Subject Name | BUSINESS ECONOMICS |
Module Name | Demand and Supply Analysis |
Micro Category Name | Demand Functions |
Level | Masters |
File Type | |
File | Login to Download |
File | Login to Download |