demand function

These "other variables" are part of the demand function.

Recalling the money demand function enables a simplified account of his position.

The derivation of the market demand function involves adding quantities.

The conventional graphical representation is of the inverse demand function.

They are "merely lumped into intercept term of a simple linear demand function."

The inverse demand function can be used to derive the total and marginal revenue functions.

The curves labelled in Fig. 10-2(a) illustrates this demand function for two income levels and, where.

Mathematically, the variable representing the price of the complementary good would have a negative coefficient in the demand function.

The corresponding inverse derived demand functions are: where all parameters are positive and.

Thus, the concept of diminishing marginal utility should translate itself into a downward-sloping demand function.

The demand function is linear and price elasticity of demand is 1.

After all agents have made a quantity production decision, the quantities are aggregated and plugged into a demand function to get a price.

Additional assumptions may be required when aggregating individual demands to obtain a market or sectoral demand function.

The marginal revenue function has twice the slope of the inverse demand function.

The marginal revenue function is below the inverse demand function at every positive quantity.

The labor demand function of a competitive firm is determined by the following profit maximization problem:

This is answered by the Hicksian demand function.

Thirdly, estimate the elasticity of the constrained labour demand function with respect to the real wage rate.

Oligopolies have perfect knowledge of their own cost and demand functions but their inter-firm information may be incomplete.

Engel curve and other demand function models still fail to explain most of the observed variation in individual consumption behavior.

The potato, for example, generally conforms to the demand function of an inferior good in the Andean region where the crop originated.

The Hicksian demand function is intimately related to the expenditure function.

If there is always a unique maximizer, then it is called the Marshallian demand function.

In addition, monetary economists today often refer to a "Cagan demand function" when modeling the real value of money.

Thus, for given M, a small increase in Β will cause the union wage demand function to shift up.