Examples

Solved Example Problems

The following section will discuss examples of both (1) price-demand functional relationships, where price and demand are dependent, and (2) situations where they are independent with no functional relationship.

1. Examples of functional relationships between price and demand

   • Linear Price Function

   • Any Price Function

2. Examples of no functional relationship between price and demand

   • University Breakeven

   • Gasoline vs Hybrid Vehicles

   • Auto Repair Shop