Which of following is a demand function?
Option A
a) D=f(Q)
Option B
b) S=f(P)
Option C
c) C=f(Q)
Option D
d) None of these
Answers
Answered by
1
Answer:
Option B.
Explanation:
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Answered by
0
A is correct option that is a) D=f(Q)
Explanation:-
Because in D=f(Q) here D is stand for demand
Whereas in the second option that is S=f(P) here S stands for supply and in option C that is C=f(Q) here C stands for consumption.
Demand function is the functional relationship between Quantity demanded for a commodity and its various Determinant. The quantity demanded is inversely related to price of the products, that is if prices fall, the demand will increase.
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