Demand function, Microeconomics

Demand Function

The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product or service. These other factors include the cost associated with making the product, the technology employed in making the goods, the number  of vendors operating in a market, the price at which competing vendors are providing same products, and the supply of the product available to clients.

Posted Date: 10/16/2012 5:21:13 AM | Location : United States







Related Discussions:- Demand function, Assignment Help, Ask Question on Demand function, Get Answer, Expert's Help, Demand function Discussions

Write discussion on Demand function
Your posts are moderated
Related Questions
Ask questMicroeconomics Reference No.:- #Minimum 100 words accepted#

Document Design It refers to the overall "look" and design rather than the content of a document. Specific elements such as white space, limited paragraph indentations, length

According to the Linder theory ,trade will occur in goods that have overlapping demand. With aid of a graph ,illustrate this theory and its implications

Q. What do you meant by Enclosures? Enclosures: A historic process in Britain and other European countries, in very early years of capitalism, in that lands formerly held and u

Consider the market for Kitty Litter. Assume this industry is purrfectly competitive and is presently in long-run equilibrium. Suppose people begin to prefer Dogs as pets and Cat

using ? tools of economic highlight on comsumption


Diseconomies of Scale A rises in a firm's cost of producing an additional unit as all another factors of production rising. Diseconomies of scale can be caused by poor and ine

Player 2   C B A 1,2 3,2 B 2,3 a, b         Player 1

Indifference curves present all possible combinations of market baskets that give the similar level of satisfaction to a person. Indifference Curves 1. Indifferen