In this article we will discuss about the demand function for commodities. The quantity of a commodity to be demanded [purchased] by consumers depends mainly on its own price, cross price [prices of other commodities such as complementary and substitutes] and income. These factors are referred to as determinants. Functional relationship between the quantity of commodity demanded and its determinants [...]
In this article we will discuss about the demand function for money. The responsiveness of the demand for money to the changes in the levels of income and the rates of interest will be very important in understanding the factors affecting the demand for money in any economy. Demand for money is concerned with the amount that would be kept [...]
In this article we will discuss about the demand function for exports. The responsiveness of the demand for Exports to the changes in the real world income and the ratio of unit value of exports of a country price to the unit value of world price [Relative price] variable can be estimated by OLS method using time series data. Demand [...]