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Answer to Question #143364 in Economics for Elisabeth
Question #143364
Obtain the inverse demand and supply functions if demand and supply of Chinese coal are
Qd = 60 − 0.5P.
Qs = −2 + 2P.
Qd = 60 − 0.5P.
Qs = −2 + 2P.
Expert's answer
"P=\\frac{60-Qd}{0.5}=120-2Qd"
"P=0.5Qs+1"
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#340153 on Dec 2023
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