compensated demand function

简明释义

补偿需求函数

英英释义

例句

1.Understanding the compensated demand function is crucial for predicting how consumers will react to tax changes.

理解补偿需求函数对于预测消费者如何对税收变化作出反应至关重要。

2.Using the compensated demand function, we can determine how much of a product a consumer will buy after a price change, assuming their utility remains unchanged.

使用补偿需求函数，我们可以确定在价格变化后，消费者在效用不变的情况下将购买多少产品。

3.The compensated demand function can help businesses set optimal pricing strategies by understanding consumer preferences under budget constraints.

通过了解消费者在预算约束下的偏好，补偿需求函数可以帮助企业制定最佳定价策略。

4.In his research, he found that the compensated demand function for luxury goods is more elastic than that for necessities.

在他的研究中，他发现奢侈品的补偿需求函数比必需品的更具弹性。

5.The economist analyzed the consumer behavior using the compensated demand function, which reflects how demand changes with price while keeping utility constant.

经济学家使用补偿需求函数分析消费者行为，该函数反映了在保持效用不变的情况下，需求如何随价格变化。

作文

In the field of economics, understanding consumer behavior is crucial for analyzing market dynamics. One of the key concepts that help economists and policymakers understand how consumers react to price changes is the compensated demand function. The compensated demand function refers to a demand function that illustrates how the quantity demanded of a good changes when its price changes, while keeping the consumer's utility level constant. This concept is essential in distinguishing between the substitution effect and the income effect, which are two fundamental components of consumer choice theory.To elaborate, the substitution effect occurs when a price change makes a good more or less attractive relative to other goods. For instance, if the price of apples decreases, consumers may buy more apples instead of oranges, leading to a change in the quantity demanded for apples. On the other hand, the income effect reflects the change in consumption resulting from a change in the consumer's purchasing power due to a price change. When the price of apples falls, consumers feel richer because they can now buy the same amount of apples for less money, or they can buy more apples with their existing budget.The compensated demand function isolates these effects by adjusting the consumer's income to maintain the same level of utility despite the change in price. This adjustment allows economists to analyze how much of the change in quantity demanded is due to the substitution effect versus the income effect. For example, if the price of apples drops, the compensated demand function will show how many additional apples a consumer would purchase if their income were adjusted to keep their overall satisfaction unchanged.The significance of the compensated demand function extends beyond theoretical implications; it has practical applications in policy-making and market analysis. For example, when governments consider implementing taxes or subsidies, understanding the compensated demand function can help predict how consumers will respond to these changes. If a subsidy is provided for apples, the compensated demand function can help determine the expected increase in apple consumption while accounting for the fact that consumers' utility remains constant.Moreover, the compensated demand function is also relevant in welfare economics. It assists in evaluating the impact of economic policies on consumer welfare. By examining how a price change affects the compensated demand, economists can assess whether consumers are better or worse off after a policy change. This analysis is vital for ensuring that policies promote overall economic well-being.In conclusion, the compensated demand function is an essential tool in economic theory that aids in understanding consumer behavior in response to price changes. By separating the substitution and income effects, it provides a clearer picture of how consumers adjust their purchasing decisions while maintaining their utility levels. This understanding is not only critical for academic purposes but also has significant implications for real-world economic policies and consumer welfare assessments.

在经济学领域，理解消费者行为对于分析市场动态至关重要。帮助经济学家和政策制定者理解消费者如何对价格变化做出反应的关键概念之一是补偿需求函数。补偿需求函数指的是一种需求函数，它展示了在保持消费者效用水平不变的情况下，某种商品的数量需求如何随着其价格变化而变化。这个概念在区分替代效应和收入效应这两个消费者选择理论的基本组成部分时至关重要。进一步 elaborating，替代效应发生在价格变化使某种商品相对于其他商品变得更具吸引力或更不具吸引力的情况下。例如，如果苹果的价格下降，消费者可能会购买更多的苹果而不是橙子，从而导致苹果的数量需求发生变化。另一方面，收入效应反映了由于价格变化导致消费者购买力变化而引起的消费变化。当苹果的价格下降时，消费者会感到更富有，因为他们现在可以用更少的钱购买相同数量的苹果，或者用现有的预算购买更多的苹果。补偿需求函数通过调整消费者的收入以保持相同的效用水平，从而隔离这些效应。这种调整使经济学家能够分析数量需求变化中有多少是由于替代效应而有多少是由于收入效应。例如，如果苹果的价格下降，补偿需求函数将显示如果消费者的收入被调整以保持其整体满意度不变，他们将购买多少额外的苹果。补偿需求函数的重要性超出了理论意义；它在政策制定和市场分析中具有实际应用。例如，当政府考虑实施税收或补贴时，理解补偿需求函数可以帮助预测消费者将如何对这些变化做出反应。如果对苹果提供补贴，补偿需求函数可以帮助确定预计的苹果消费量增加，同时考虑到消费者的效用保持不变。此外，补偿需求函数在福利经济学中也相关。它有助于评估经济政策对消费者福利的影响。通过检查价格变化如何影响补偿需求，经济学家可以评估政策变化后消费者是否变得更好或更糟。这种分析对于确保政策促进整体经济福祉至关重要。总之，补偿需求函数是经济理论中的一个重要工具，有助于理解消费者在价格变化下的行为。通过分离替代效应和收入效应，它提供了消费者在维持效用水平的同时如何调整购买决策的更清晰的图景。这种理解不仅对学术目的至关重要，而且对现实世界经济政策和消费者福利评估具有重要意义。