The demand function is what the consumer prefers regarding goods and services. Every person has an individual demand for the goods and services available in the market.

The utility function can be used to derive the demand function, and both concepts relate to utility maximization.

If all individuals of a given group have the same consumption behavior described by a common demand function f(p,w), which is assumed to satisfy the weak axion of revealed preference, and if the ...

Demand function refers to a mathematical equation that describes the relationship between the quantity of a good demanded and its various determinants, such as price, income, and prices of related ...

In this paper, we consider an abstract market model for demand response where a supply function bidding is applied to match power supply deficit or surplus. We characterize the resulting equilibria in ...