what is demand function?
Answers
Answered by
4
Answer:
An algebraic expression of the relationship between price and quantity demanded is known as a demand function. The law of demand holds because, when the price of a good increases, consumers tend to buy less of it and more of other goods.
Mark me as brainliest and follow me ❤️
Answered by
11
Demand function shows the relationship between quantity demanded for a particular commodity and the factors influencing it .
Similar questions
Math,
3 months ago
Math,
3 months ago
Science,
3 months ago
Environmental Sciences,
7 months ago
Geography,
7 months ago
Social Sciences,
10 months ago
History,
10 months ago