However, when calculating the labor demand curve of a company, analysts sometimes assume they are dealing with a perfectly competitive market model, where the relationship is constant.

The Linear Demand Function A linear demand function is an algebraic formula for calculating demand curves without having to draw a demand function graph.

Supply is a fundamental economic concept that describes the total amount of a specific good or service that's offered to ...

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