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on 30-Jul-2015 (Thu)

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#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
A demand function provides the quantity demanded as a function of price of the good or service, the prices of related goods or services, and some measure of income.

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Flashcard 150900897

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#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A demand function provides the quantity demanded as a function of [main independent variable?], the prices of related goods or services, and some measure of income.
Answer
price of the good or service


statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

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A demand function provides the quantity demanded as a function of price of the good or service, the prices of related goods or services, and some measure of income.

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#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
A supply function provides the quantity supplied as a function of price of the good or service and the prices of productive inputs, and depends on the technology used to produce the good or service.

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Flashcard 150900910

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A supply function provides the quantity supplied as a function of [main independent variable?] and the prices of productive inputs, and depends on the technology used to produce the good or service.
Answer
price of the good or service


statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Parent (intermediate) annotation

Open it
A supply function provides the quantity supplied as a function of price of the good or service and the prices of productive inputs, and depends on the technology used to produce the good or service.

Original toplevel document (pdf)

cannot see any pdfs