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Managerial Economics Demand Analysis


Managerial Economics:

 Demand:- Demand is the quantity of good and services are willing able purchase during a specified period under a given set of economics.The period herd could be an hour ,a day ,a month or a year.
 Market Demand Function:- The market demand function for a product is a function showing the relation ship between the quantity demanded and the factors affecting the quantity of demand.
 Demand Curve:- The demand function specifies the relation between the quantity demand and all factors that determined demand .
 Change in Quantity Demand:- It is defined as the moment along a single demand circle.This moment reflects changing price and quantity.
 Shift and Demands:- It is the switch from the one demand give to another shift in demand reflects a change one or more none price valuables affecting demands.Examples: change in interest rate.

 If you want to know more about this book then go through this book their is a large number of examples





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