Define Demand function
Demand | Microeconomics
Management Notes
Ans) Demand function is defined as the relationship between demand for a commodity and its determinants.It can be expressed as:
Dx=f(Px,Y,Pr,A,T….)
Where,
- Dx=Demand for X-Commodity
- Px=Price of X-commodity
- Y=Income of the consumer
- Pr=Price of related goods
- A=Advertisement expenditure
- T=Taste and Preference of the consumer
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MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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