Answer to Question #291205 in Economics of Enterprise for Pris

Economics of Enterprise

Question #291205

QD = 25 - 3P and QS = 10 + 2P, write the inverse demand function

Expert's answer

"Q_D= 25-3P"

Inverse demand function= Expressing P as a function of Q

"\\therefore 3P= 25- Q_D"

"P=\\frac{25-Q_D}{3}"

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