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| Am still digesting your post and not ageeing/disagreeing yet.......but I will say from what I remember from my College Days (Ag Bus with Econ Minor...LOTS of nights at the Crystal in Bozeman though!!!!) is:
Demand is a SHIFT of the curve, while Quantity Demanded is a move along an existing curve............and...............................FOOD.....ie (does wheat count as food????) has a VERY INELASTIC demand ...ie if FOOD is $1 a unit it has a demand volume of say....100 units.............................if FOOD goes to $10 a unit demand volume will remain at or near the original 100 units...............................your equations are simply the mathamatical formulas for the curves......
WOW, that is way too much econ at one time for me...............where's my whiskey???
PS..if it snows/freezes up here before the HRS is off FOOD WILL GO UP NO MATTER WHAT THE EQUATION SAYS!!!!! | |
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Try some " Demand Function " equations and comparisons
