Презентация «The Mathematics of demand functions»

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Презентация «The Mathematics of demand functions»

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The Mathematics of Demand Functions
The Mathematics of Demand Functions
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Demand Functions In Different Forms Graphs of quantity demanded against price
Demand Functions In Different Forms Graphs of quantity demanded against price
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Demand Functions In Different Forms Graphs of quantity demanded against price They need not be strai
Demand Functions In Different Forms Graphs of quantity demanded against price They need not be straight lines
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Demand Functions In Different Forms Tables
Demand Functions In Different Forms Tables
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Demand Functions In Different Forms Mathematical equations
Demand Functions In Different Forms Mathematical equations
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Demand Functions In Different Forms Mathematical equations Linear or Non Linear
Demand Functions In Different Forms Mathematical equations Linear or Non Linear
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Indirect demand functions Gives price as a function of quantity, not the other way around. We can al
Indirect demand functions Gives price as a function of quantity, not the other way around. We can always restate indirect demand functions as direct demand functions and vice versa.
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A Graphical Interpretation Knowing price we know quantity demanded.
A Graphical Interpretation Knowing price we know quantity demanded.
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A Graphical Interpretation It also works the other way.
A Graphical Interpretation It also works the other way.
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Ditto with Tables
Ditto with Tables
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An Example Q = 100 – 2P
An Example Q = 100 – 2P
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An Example Q = 100 – 2P 2P + Q = 100 – 2P +2P
An Example Q = 100 – 2P 2P + Q = 100 – 2P +2P
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An Example Q = 100 – 2P 2P + Q = 100 – 2P +2P 2P + Q = 100
An Example Q = 100 – 2P 2P + Q = 100 – 2P +2P 2P + Q = 100
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An Example 2P + Q = 100 2P + Q – Q = 100 – Q 2P = 100 – Q
An Example 2P + Q = 100 2P + Q – Q = 100 – Q 2P = 100 – Q
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An Example 2P = 100 – Q (1/2)[2P] = (1/2)[100-Q] P = 50 – (1/2)Q
An Example 2P = 100 – Q (1/2)[2P] = (1/2)[100-Q] P = 50 – (1/2)Q
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A Second Example P = 50 – (1/2)Q
A Second Example P = 50 – (1/2)Q
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A Second Example P = 50 – (1/2)Q 2P = 2[50-(1/2)Q] 2P = 100 – Q
A Second Example P = 50 – (1/2)Q 2P = 2[50-(1/2)Q] 2P = 100 – Q
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A Second Example 2P = 100 – Q Q + 2P = 100 – Q + Q Q + 2P = 100
A Second Example 2P = 100 – Q Q + 2P = 100 – Q + Q Q + 2P = 100
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A Second Example Q + 2P = 100 – Q + Q Q + 2P = 100 Q + 2P – 2P = 100 –2P Q = 100 – 2P
A Second Example Q + 2P = 100 – Q + Q Q + 2P = 100 Q + 2P – 2P = 100 –2P Q = 100 – 2P
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Some Assignments P = 12 – 3Q Q = 100 – 10P
Some Assignments P = 12 – 3Q Q = 100 – 10P
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Some Assignments P = 12 – 3Q Q = 100 – 10P
Some Assignments P = 12 – 3Q Q = 100 – 10P
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End
End


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