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Answer to Question #291205 in Economics of Enterprise for Pris
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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