International Journal of Science and Mathematics Education
Vol. 1 No. 3 (2024): September : International Journal of Science and Mathematics Education

Implementation of Demand and Supply Functions Related to The Application of Mathematical Science to MSME Products in Pelawi Utara Village, Babalan, Langkat Regency

Nina Fadilah (Unknown)
Ikhah Malikhah (Unknown)
Wachyuni, Minarti Sri (Unknown)
Rahmadani, Nanda Puspa (Unknown)
Ramandha Ramandha (Unknown)



Article Info

Publish Date
12 Sep 2024

Abstract

This study analyzes related to the application of mathematical concepts to the demand and supply function of MSME products in North Pelawi Village, Babalan District, Langkat Regency. The results show that there is an elasticity associated with mathematical concepts for the demand function and the supply function. Usually, because MSME products are hampered by supply chain disruptions and production. However, through recovery strategies and interventions to apply mathematical concepts in the demand and supply functions, a balance curve between the demand and supply functions is formed. Awareness to apply mathematical concepts for business actors has an important role in controlling the rate of supply of goods so that the number of goods demand can be fulfilled according to the number of desires and the prices offered can be adjusted to the prices requested by consumers. This research highlights the importance of awareness and understanding the role of business actors who are aware of the application of mathematical concepts so that regulating demand and supply can run systematically and not damage the market price offered to consumers.

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Journal Info

Abbrev

IJSME

Publisher

Subject

Education Mathematics Social Sciences

Description

This journal is a peer-reviewed and open access journal of Mathematics and Science Education. The fields of study in this journal include the sub-family of Mathematics and Science ...