Question

what is demand and demand function ?​

Answer 1

Answer:

✮given question:

what is demand and demand function ?

✮requried answer:

Demand function is what describes a relationship between one variable and its determinants. It describes how much quantity of goods is purchased at alternative prices of good and related goods, alternative income levels, and alternative values of other variables affecting demand.

Answer 2

Answer:

Demand function shows the functional

relationship between Quantity demanded

for a commodity and its various

Determinants.

It can be divided in to

1. Individual Demand Function

2. Market Demand Function