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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