Question

Let the demand function for a product be q = 100 - 2p. the inverse demand function of this demand function is:_______

Answer 1

The inverse demand function of the given demand function is p = 50 - q/2.

A graph that depicts the relationship between a product's price and demand is called a demand curve. On a demand graph, the horizontal axis represents the amount desired, while the vertical axis represents the product's price.

The price is a function of the quantity required when there is an inverse demand curve. The inverse of a demand curve indicates that variations in the amount required cause changes in price levels. The formula for calculating the demand curve for a product yields the graph of an inverse demand curve.

Given demand function: q = 100 - 2p.

To find the inverse demand function, we find the inverse of the equation, by isolating p, to get:

q = 100 - 2p,

or, 2p = 100 - q,

or, p = 100/2 - q/2,

or, p = 50 - q/2.

Thus, the inverse demand function of the given demand function is p = 50 - q/2.

Learn more about inverse functions at

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