Because demand creates the price, and not the price dictates the demand.
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dependent variable
Here are two variablesDemand and Price, whereas Price is Independent variable &Demand is dependent variable, i.e. if price of something changes the demand will also be affected. Now simple Differential Equation isd (Demand)= constantd (Price)But keep in mind that Price is a function not a simple variable.
I'm doing a science project on if fingerprint patterns are inherited? what is the control, independent variable and dependent variable? An ''independent variable is a ''variable which is presumed to affect or determine a dependent ''variable. independent variable is typically the variable being manipulated or changed and the dependent variable is the observed result of the independent variable being manipulated.'''''' Example; In price and sales relationship one can manipulate price to check its effect on sales, so sale is dependent and price is independent variable.
yes. usually you will work with an equal amount of dependent and independent variables. (ie, one dependent variable for every independent variable, and such that there is some kind of relationship between each..) If only. Usually a variable depends on many other variables. Such as, the price of a house depends on its size, number of rooms, distance to schools, age, windows etc.
Either- and most people are ignorant of this fact. If your study is about how the size of the bottle affects the price, then the independent variable is the size of the bottle and the dependent is the price. However, if your study is to determine how the price that you pay affects the size of the bottle, the independent variable is the amount of money and the dependent is the bottle size.