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If the price of the commodity increases then the demand decreases and if the price of the commodity decreases then the demand increases.
Demand function and revenue function. In this video we maximize the revenue from a linear demand function by finding the vertex of a quadratic function. If the demand function is d 1 5 0 p 2 3 p find marginal revenue average revenuue and elasiticity of demand for price p 3. Revenue is product of demand and number of items. Demand supply cost revenue and profit functions.
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