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Demand — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsDemand2 Marks
Question
What is function?
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Answer

  • The cause – effect relationship between two or more variable is known as function.
  • The function explains the functional $($mathematical$)$ relationship between dependent and independent variables.
  • The effect of changes in one variable on another variable can be found out by the function.
  • E.g. demand function shown the relationship between price and demand.

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