The utility function can be used to derive the demand function, and both concepts relate to utility maximization.

Economists and businesses use the demand curve and its functions to calculate demand and price for services, labor, goods and other economic factors.

Commodity prices are set by the balance of supply and demand dynamics. Market fluctuations in commodities influence both short-term prices and long-term productions. Price surges trigger increased ...

American Journal of Agricultural Economics, Vol. 91, No. 4 (Nov., 2009), pp. 1110-1123 (14 pages) In this article, we advocate more extensive use of the benefit function in specifying price-dependent ...

Money demand function has always been an important constituent of the macroeconomic models and policy making. A stable money demand function is crucial for the efficient conduct of monetary policy ...