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Adding local short description: "Mathematical function in economics", overriding Wikidata description "function expressing price as a function of quantity demanded" |
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{{Short description|Mathematical function in economics}}
In [[economics]], an '''inverse demand function''' is the mathematical relationship that expresses price as a [[function (mathematics)|function]] of quantity demanded (it is therefore also known as a '''price function''').<ref>{{Cite book|title=Intermediate microeconomics : with calculus|last=R.|first=Varian, Hal|date = 7 April 2014|isbn=9780393123982|edition= First|___location=New York|pages=115|oclc=884922812}}</ref>
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