Accueil > Term: demand function
demand function
A function that relates the quantity of a good or service demanded to price. It is usually an inverse relationship where at higher (or lower) prices, less (or more) quantity is consumed. Other factors which influence willingness-to-pay are incomes, tastes, preferences, and price of substitutes.
- Partie du discours : noun
- Secteur d’activité/Domaine : Pêche
- Catégorie : Pêche en mer
- Organization: NOAA
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Créateur
- J Thomas
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