👉 Benders are a type of mathematical model used in economics, finance and other fields to analyze the effects of changes in demand or supply on prices. The bender function is defined as follows: y = mx + c Where: - y is the price of an item, - x is the quantity sold, - m is the slope of the line (the rate at which the quantity changes), - c is the constant value that represents the equilibrium price. The benders model can be used to