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Ponte Academic Journal
Feb 2016, Volume 72, Issue 2

FUNCTIONS OF SUPPLY AND DEMAND

Author(s): Olga Antonova ,Alexander Antonov

J. Ponte - Feb 2016 - Volume 72 - Issue 2
doi: 10.21506/j.ponte.2016.2.6



Abstract:
Mathematical derivation of demand and supply functions is presented; their graphs can be used to solve a wider range of problems than the supply and demand curves. The supply and demand functions allowed revealing all factors influencing the equilibrium price, including those unknown before. The analysis of demand and supply functions allowed formulating recommendations on making business more profitable
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