What is Demand Function? - Biz Stack

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Saturday, February 3, 2018

What is Demand Function?

The functional relationship between quantity of demand and its determinants is called demand function.
Demand function can shown as follows:

    Qd = f(Px, Ps, Pc, Y, H and T, Cn, E)

now other things remaining constant if demand depends only price then the function will be:
     
             Qd = f (Px)

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