Quantitative Economics Journal
Vol 10, No 1 (2021): APRIL 2021

THE CONCEPT OF MARKET BALANCE IN THE DEMAND AND SUPPLY FUNCTIONS IN ECONOMIC MATHEMATICS

Dian Ponco Pratiwi (Mathematics Education Study Program, Faculty of Tarbiyah and Teacher Training, Syarif Hidayatullah State Islamic University Jakarta)
Dedek Kustiawati (Mathematics Education Study Program, Faculty of Tarbiyah and Teacher Training, Syarif Hidayatullah State Islamic University Jakarta)
Rivia Zulfa Ananda (Mathematics Education Study Program, Faculty of Tarbiyah and Teacher Training, Syarif Hidayatullah State Islamic University Jakarta)
Annisa Rizka Wardhani (Mathematics Education Study Program, Faculty of Tarbiyah and Teacher Training, Syarif Hidayatullah State Islamic University Jakarta)



Article Info

Publish Date
11 Apr 2021

Abstract

A market is a place where a group of sellers and buyers have real or potential interactions, and set the price of a product or a set of products. In other words, the market can be referred to as a place where the price of an item is set. In simple terms, the market is a meeting place for sellers and buyers to carry out buying and selling transactions. An interactive system in the market, of coursexx there is a concept of demand and supply for an item or service. In economic mathematics, the concepts of demand and supply are interrelated and have interrelationships. In economic mathematics, the market environment is a buying and selling transaction. In buying and selling transactions, everyone makes supply and demand which results in market balance

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Journal Info

Abbrev

qe

Publisher

Subject

Economics, Econometrics & Finance

Description

This journal is contained with the articles that cover the economics area that derived from the research and engineering ideas that are quantitative. The viewers, authors and future authors that expressed in this publication do not necessarily reflect the Department of Economics, Post Graduate ...