Inverse demand function
id:
inverse-demand-function-202-2086316
title:
Inverse demand function
text:
In economics, an inverse demand function is the mathematical relationship that expresses price as a function of quantity demanded. Historically, the economists first expressed the price of a good as a function of demand, and plotted the price-demand relationship with demand on the x (horizontal) axis. Later the additional variables, like prices of other goods, came into analysis, and it became more convenient to express the demand as a multivariate function: d e m a n d = f , so the original dem
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wiki
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encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Inverse_demand_function
date created:
date modified:
2024-01-02T19:46:46Z
main entity:
{"identifier":"Q1376545","url":"https://www.wikidata.org/entity/Q1376545"}
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13
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