The supply function is a mathematical representation of the relationship between the price of a good or service and the quantity of that good or service. Understanding the Supply... · Inverse Supply Function... |
Supply Function. Law of supply states that when the price of a commodity increases its supply also increases. Similarly, when the price of a ... |
A supply function is a tool used by economists to measure the relationship between price and quantity of goods supplied. |
The supply function is a mathematical equation that expresses the quantity of a commodity supplied as the function of the commodity's price. Other factors ... |
25 нояб. 2023 г. · The supply function is a mathematical expression of the relation between the quantity supplied, the price of the commodity and other related factors. |
A supply function describes flow per unit of time for various prices, given fixed determinants such as capacity, number of suppliers, and factor prices. |
The supply function can be written in the form of an equation Qs = c + dP Where Qs is quantity supplied C = the level of supply independent of price. |
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