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supply and demand both are the function of price (as law of demand and law of supply stated). also price has positive impact on supply and negative impact on demand.
supply=f(p)
demand=f(p)
so by having the idea of laws of demand and supply
demand equation can be written as:
D=a-bp ; a=intercept , b=slope
and supply equation can be written as:
S=c+dp ;c=intercept , d=slope
these equations can only be true if all other things remain same
otherwise we have to include others factors causing change in demand and supply.
like income,prefferences,taste,advertisement cost,weather etc for demand
and price of resourses(land,labor,capital,row meterial),management skill,technology,marketing,production techniques expectations etc for supply
What else can I help you with?
How do you write a acrostic poem on the word supply and demand?
To write an acrostic poem on the word "supply and demand," start by writing the word vertically down the left side of your page. Then, for each letter, think of a word or phrase related to supply and demand that starts with that letter. For example, for "S" you could write "scarcity," for "U" you could write "utility," and so on. Finally, arrange these words or phrases into a poem format, making sure they flow cohesively and convey a message about the concept of supply and demand.
Write notes price determination of demand 400 words?
Write notes price determination of demand 400 words
Why does the demand curve slope down and to the right?
The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.
What are the determinants of income elasticity of demand?
write a note on determinates of income elasticity of demand
Write five Demand function IN MANEGERIAL ECONOMICS?
m
Can you write a sentence with the word measure in it?
One must measure the coefficient of disparity in a demand supply curve properly.
How are piecewise functions related to step functions and absolute value functions?
A piecewise function is a function defined by two or more equations. A step functions is a piecewise function defined by a constant value over each part of its domain. You can write absolute value functions and step functions as piecewise functions so they're easier to graph.
How can you write exponent equations as logarithm equations?
if y = xa then a = logxy
How do you write a acrostic poem on the word supply and demand?
To write an acrostic poem on the word "supply and demand," start by writing the word vertically down the left side of your page. Then, for each letter, think of a word or phrase related to supply and demand that starts with that letter. For example, for "S" you could write "scarcity," for "U" you could write "utility," and so on. Finally, arrange these words or phrases into a poem format, making sure they flow cohesively and convey a message about the concept of supply and demand.
How do you write Letter for issue of demand draft?
how to write letter for demand draft issue
What sentence can you write with free enterprise?
Another word for free enterprise is free market and it means a business govorned by the laws of supply and demand and it is restrained by the government.
Write notes price determination of demand 400 words?
Write notes price determination of demand 400 words
Why does the demand curve slope down and to the right?
The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.
How can you tell linear equations are parallel?
Equations are never parallel, but their graphs may be. -- Write both equations in "standard" form [ y = mx + b ] -- The graphs of the two equations are parallel if 'm' is the same number in both of them.
What do you use oxidation numbers and their least common multiples to write?
They are used to write balanced chemical equations.
How can you use math to solve complex problems?
IF they are math related, write appropriate equations and then apply math rules to solve the equations.
How does writing equivalent equations help you solve a system of equations?
You can write an equivalent equation from a selected equation in the system of equations to isolate a variable. You can then take that variable and substitute it into the other equations. Then you will have a system of equations with one less equation and one less variable and it will be simpler to solve.
