Social Impact Journal
Vol. 2 No. 2 (2023): Social Impact Journal

Application of Mathematics in Economics: Demand and Supply Functions

Melani (Unknown)

Article Info

Publish Date
30 Dec 2023

Abstract

This article aims to review the application of mathematics in economics regarding the function of demand and supply and market stability. This study uses exploratory methods and data is collected through literature study techniques. The use of demand, supply and market balance problems can be in the form of mathematical concepts in a two-variable linear equation system and the solutions are formed through elimination, substitution, and graphic methods. The study findings explain that the correlation between demand and supply functions is formed from the mathematical concept of linear functions and equations of two variables.

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Journal Info
Social Impact Journal
Website

Abbrev

sij

Publisher

Go Research, Research & Publishing House

Subject

Religion Humanities Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences Other

Description

A social impact journal is a publication that focuses on the study and analysis of the social impact of various issues and policies. It may cover topics such as poverty, education, healthcare, sustainable development, and more. These journals are typically interdisciplinary in nature and may include ...