D = f(PX) is a general form of function, in what manner it is lacking of explaining the relationship of dependent and independent variables? What are the functions which explain the relationship in detail, discuss?
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Answer:
depended
Explanation:
lacking of explaining
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D = f(PX) is a general form of function is the demand function.
- The demand function is dependent on the price and unit of commodity.
- The dependent variable here is "D" which denotes demand and the independent variable is "P(X)" which denotes price.
- The demand and price follow an inverse relationship. When price increases, demand falls and when price decreases, demand rises.
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