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In economics, an inverse demand function is the mathematical relationship that expresses price as a function of quantity demanded (it is therefore also known as a price function).
Relation to marginal revenue & Overview
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demand function inverse revenue price marginal quantity relationship variables linear mr total displaystyle curve equation mc demanded first like income
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Inverse demand function | is a | mathematical relationship that expresses price as a function of quantity demanded | 0.90 | text |
| Inverse demand function | is a | highest price that could be charged and still generate the quantity demanded | 0.90 | text |
| Inverse demand function | is a | same as the average revenue function | 0.90 | text |
| Inverse demand function | related to Definition | In | 0.60 | section |
| Inverse demand function | related to Definition | The | 0.60 | section |
| Inverse demand function | related to Definition | This | 0.60 | section |
| Inverse demand function | related to Definition | AR | 0.60 | section |
| Inverse demand function | related to Relation to marginal revenue | There | 0.60 | section |
| Inverse demand function | related to Relation to marginal revenue | For | 0.60 | section |
| Inverse demand function | related to Relation to marginal revenue | MR | 0.60 | section |
| Inverse demand function | related to Relation to marginal revenue | The | 0.60 | section |
| Inverse demand function | related to Relation to marginal revenue | Both | 0.60 | section |
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