Question #143364
Obtain the inverse demand and supply functions if demand and supply of Chinese coal are
Qd = 60 − 0.5P.
Qs = −2 + 2P.
1
Expert's answer
2020-11-10T10:35:11-0500

P=60−Qd0.5=120−2QdP=\frac{60-Qd}{0.5}=120-2Qd

P=0.5Qs+1P=0.5Qs+1


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