enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Inverse demand function - Wikipedia

    en.wikipedia.org/wiki/Inverse_demand_function

    The value of the inverse demand function is the highest price that could be charged and still generate the quantity demanded. [3] This is useful because economists typically place price (P) on the vertical axis and quantity (demand, Q) on the horizontal axis in supply-and-demand diagrams, so it is the inverse demand function that depicts the ...

  3. Market demand schedule - Wikipedia

    en.wikipedia.org/wiki/Market_demand_schedule

    At any given price, the corresponding value on the demand schedule is the sum of all consumers’ quantities demanded at that price. Generally, there is an inverse relationship between the price and the quantity demanded. [1] [2] The graphical representation of a demand schedule is called a demand curve. An example of a market demand schedule

  4. Total revenue test - Wikipedia

    en.wikipedia.org/wiki/Total_revenue_test

    Total revenue, the product price times the quantity of the product demanded, can be represented at an initial point by a rectangle with corners at the following four points on the demand graph: price (P 1), quantity demanded (Q 1), point A on the demand curve, and the origin (the intersection of the price axis and the quantity axis).

  5. Demand curve - Wikipedia

    en.wikipedia.org/wiki/Demand_curve

    The constant b is the slope of the demand curve and shows how the price of the good affects the quantity demanded. [6] The graph of the demand curve uses the inverse demand function in which price is expressed as a function of quantity. The standard form of the demand equation can be converted to the inverse equation by solving for P:

  6. Demand - Wikipedia

    en.wikipedia.org/wiki/Demand

    Normally there is an inverse relationship between the price of the commodity and its quantity demanded. It implies that the lower the price of the commodity, the larger is the quantity demanded and the higher the price, the lesser is the quantity demanded. [4] This negative relationship is embodied in the downward slope of the consumer demand ...

  7. Total revenue - Wikipedia

    en.wikipedia.org/wiki/Total_revenue

    When price goes up, quantity will go down. Whether the total revenue will grow or drop depends on the original price and quantity and the slope of the demand curve. For example, total revenue will rise due to an increase in quantity if the percentage increase in quantity is larger than the percentage decrease in price.

  8. Law of demand - Wikipedia

    en.wikipedia.org/wiki/Law_of_demand

    The law of demand also works together with the law of supply to determine the efficient allocation of resources in an economy through the equilibrium price and quantity. The relationship between price and quantity demanded holds true so long as it is complied with the ceteris paribus condition "all else remain equal" quantity demanded varies ...

  9. Quantity adjustment - Wikipedia

    en.wikipedia.org/wiki/Quantity_adjustment

    This says that the rate of change of the price (P) is proportional to the difference between the quantity demanded (QD) and the quantity supplied (QS). However, instead of price adjustment — or, more likely, simultaneously with price adjustment — quantities may adjust: a market surplus leads to a cut-back in the quantity supplied, while a ...