hinnafunktsioonid
Hinnafunktsioonid, often translated as "price functions" or "cost functions" in English, are mathematical representations used in economics and business to describe the relationship between the price of a good or service and the quantity demanded or supplied. In essence, a hinnafunktsioon quantifies how changes in price affect market behavior.
Typically, a hinnafunktsioon for demand, often called a demand curve, illustrates an inverse relationship. As the
On the supply side, a hinnafunktsioon, or supply curve, typically shows a direct relationship. As the price
These functions are crucial tools for economic analysis. They help economists and businesses to forecast market