Scribd Logo
Upload

Welcome to Scribd!

  • Presented by Suong Jian & Liu Yan, MGMT Panel, Guangdong University of Finance. - 1

    Uploaded by

    AR Khan
    23 views1 page
    A demand function describes the relationship between demand for a product and all factors that influence demand. A demand curve expresses the relationship between price and quantity demanded while holding constant the effects of other demand factors. Movement along a demand curve represents how quantity demanded changes with price, while shifts in the curve indicate how demand is affected by changes in non-price factors as described in the demand function.

    Original Description:

    vancity1-2

    Original Title

    vancity1-2

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    A demand function describes the relationship between demand for a product and all factors that influence demand. A demand curve expresses the relationship between price and quantity demanded while holding constant the effects of other demand factors. Movement along a demand curve represents how quantity demanded changes with price, while shifts in the curve indicate how demand is affected by changes in non-price factors as described in the demand function.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    23 views1 page

    Presented by Suong Jian & Liu Yan, MGMT Panel, Guangdong University of Finance. - 1

    Uploaded by

    AR Khan
    A demand function describes the relationship between demand for a product and all factors that influence demand. A demand curve expresses the relationship between price and quantity demanded while holding constant the effects of other demand factors. Movement along a demand curve represents how quantity demanded changes with price, while shifts in the curve indicate how demand is affected by changes in non-price factors as described in the demand function.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    A demand function is a statement of the relation between the demand for a

    product and all variables (factors) that affect demand. The demand curve, on the
    other hand, is an expression of the relation between price and the quantity
    demanded, holding constant the effect of all other demand influencing variables.
    Movement along a demand curve describes the relation between price changes
    and the quantity demanded. Shifts in a demand curve or changes in demand
    indicate the effect on demand of changes in one or more of the nonprice variables
    in the demand function.
    A demand function is a statement of the relation between the demand for a
    product and all variables (factors) that affect demand. The demand curve, on the
    other hand, is an expression of the relation between price and the quantity
    demanded, holding constant the effect o
    A demand function is a statement of the relation between the demand for a
    product and all variables (factors) that affect demand. The demand curve, on the
    other hand, is an expression of the relation between price and the quantity
    demanded, holding constant the effect of all other demand influencing variables.
    Movement along a demand curve describes the relation between price changes
    and the quantity demanded. Shifts in a demand curve or changes in demand
    indicate the effect on demand of changes in one or more of the nonprice variables
    in the demand function.
    f all other demand influencing variables. Movement along a demand curve
    describes the relation between pr
    A demand function is a statement of the relation between the demand for a
    product and all variables (factors) that affect demand. The demand curve, on the
    other hand, is an expression of the relation between price and the quantity
    demanded, holding constant the effect of all other demand influencing variables.
    Movement along a demand curve describes the relation between price changes
    and the quantity demanded. Shifts in a demand curve or changes in demand
    indicate the effect on demand of changes in one or more of the nonprice variables
    in the demand function.
    ice changes and the quantity demanded. Shifts in a demand curve or changes in
    demand indicate the effect on demand of changes in one or more of the nonprice
    variables in the demand function.

    Presented by Suong Jian & Liu Yan, MGMT Panel , Guangdong University of Finance.
    -1-

    You might also like