What is the consumer demand as a function of price?

q= d(p)

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q= 1/d(p)

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q= d(p) * p

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None of the above

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Solution

The correct option is A q= d(p)
Demand graph indicates that the quantity demanded of a product gets increased when the price falls, other things remaining constant.The consumer demand as a function of price is q=d(p). It states that quantity demanded changes when the price of the product varies.

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