what is mean by demand function
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●Demand function : Demand functions are the factors that express the relationship between quantity demanded for a commodity and price of the commodity.
Or
In a line you can say that factors that determines demand.
Basically demand functions are of two types:
Individual demand functions
Market demand functions.
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Answer:demand function expresses the relationship between the quantity demanded of a commodity and it's determinants. Taking the determinants of a commodity and it's determinants. Taking the determinants of demand discussed above, we can represent a demand function as follows :
Explanation:
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