🗊Презентация The Mathematics of demand functions

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Слайд 1





The Mathematics of Demand Functions
Описание слайда:
The Mathematics of Demand Functions

Слайд 2





Demand Functions In 
Different Forms
Graphs of quantity demanded against price
Описание слайда:
Demand Functions In Different Forms Graphs of quantity demanded against price

Слайд 3





Demand Functions In 
Different Forms
Graphs of quantity demanded against price
They need not be straight lines
Описание слайда:
Demand Functions In Different Forms Graphs of quantity demanded against price They need not be straight lines

Слайд 4





Demand Functions In 
Different Forms
Tables
Описание слайда:
Demand Functions In Different Forms Tables

Слайд 5





Demand Functions In 
Different Forms
Mathematical equations
Описание слайда:
Demand Functions In Different Forms Mathematical equations

Слайд 6





Demand Functions In 
Different Forms
Mathematical equations
Linear or Non Linear
Описание слайда:
Demand Functions In Different Forms Mathematical equations Linear or Non Linear

Слайд 7





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.
Описание слайда:
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.

Слайд 8





A Graphical Interpretation
Knowing price we know quantity demanded.
Описание слайда:
A Graphical Interpretation Knowing price we know quantity demanded.

Слайд 9





A Graphical Interpretation
It also works the other way.
Описание слайда:
A Graphical Interpretation It also works the other way.

Слайд 10





Ditto with Tables
Описание слайда:
Ditto with Tables

Слайд 11





An Example
Q = 100 – 2P
Описание слайда:
An Example Q = 100 – 2P

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An Example
Q = 100 – 2P
2P + Q = 100 – 2P +2P
Описание слайда:
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
Описание слайда:
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
Описание слайда:
An Example 2P + Q = 100 2P + Q – Q = 100 – Q 2P = 100 – Q

Слайд 15





An Example

2P = 100 – Q
(1/2)[2P] = (1/2)[100-Q]
P = 50 – (1/2)Q
Описание слайда:
An Example 2P = 100 – Q (1/2)[2P] = (1/2)[100-Q] P = 50 – (1/2)Q

Слайд 16





A Second Example
P = 50 – (1/2)Q
Описание слайда:
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
Описание слайда:
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
Описание слайда:
A Second Example 2P = 100 – Q Q + 2P = 100 – Q + Q Q + 2P = 100

Слайд 19





A Second Example
Q + 2P = 100 – Q + Q
Q + 2P = 100
Q + 2P – 2P = 100 –2P
Q = 100 – 2P
Описание слайда:
A Second Example Q + 2P = 100 – Q + Q Q + 2P = 100 Q + 2P – 2P = 100 –2P Q = 100 – 2P

Слайд 20





Some Assignments

P = 12 – 3Q

Q = 100 – 10P
Описание слайда:
Some Assignments P = 12 – 3Q Q = 100 – 10P

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Some Assignments

P = 12 – 3Q

Q = 100 – 10P
Описание слайда:
Some Assignments P = 12 – 3Q Q = 100 – 10P

Слайд 22





End
Описание слайда:
End



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