Examlex
A linear programming problem contains a restriction that reads "the quantity of X must be at least twice as large as the quantity of Y." Formulate this as a constraint ready for use in problem solving software.
Demand Function
A mathematical expression that describes the relationship between the quantity of a good demanded and its price.
Coconuts
The large, hard-shelled seeds of the coconut palm, used as food and for making various products.
Supply
The total quantity of a good or service that market participants are willing and able to sell at a given price over a specific time period.
Demand
The quantity of a good or service that consumers are willing to buy at a given price over a specified period.
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