Question #106244

the inverse demand functions of two towns for a product are given as
( Q1/2)^1/4=P and {2-Q2/10}= P find the market demand of these two towns

Expert's answer

The market Demand is a sum of two demands for two towns:

P=P1+P2P=P_1+P_2

Then

P=20.1Q+0.5Q1/4P = 2-0.1Q+0.5Q^{1/4}


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