Home > Term: 逆供给函数
逆供给函数
A function representing the relationship between quantity supplied and price, specified for convenience with price as a function of quantity instead of the more usual quantity as a function of price. Thus if a conventional supply function is QS = a + bP, then the inverse supply function is P = QS/b - (a/b). Especially appropriate if supply is infinitely elastic (i. E. , constant cost).
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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- Rena yuan
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(China)