demand function

Definition

The mathematical function explaining the quantity demanded in terms of its various determinants, including income and price; thus the algebraic representation of the demand curve.

Use demand function in a sentence

I wanted to know what the demand function was, so I could use it later on in our daily work.

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You should try and figure out what the demand function suggests is the most profitable way to proceed for you.

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The explanation of the quantity demanded through mathematical assessment in relation to various determinants and also income price is known as demand function

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