The inverse demand function of the given demand function is <u>p = 50 - q/2</u>.
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 <u>p = 50 - q/2</u>.
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The labeled point in which it will be rotated around
Answer:
$1000 ; 500 ; 1000 ; y = 500x + 1000
Step-by-step explanation:
From the graph, the initial deposit which started the savings account is $1000 ; this is the value on the y - intercept, the value in the account at time or period = 0.
The slope :
x1 = 0 ; y1 = 1000
x2 = 6 ; y2 = 4000
Slope = Rise / Run
Rise = y2 - y1 = 4000 - 1000 = 3000
Run = x2 - x1 = 6 - 0 = 6
Hence,
Slope = 3000 / 6
Slope = 500
y - intercept = 1000 (from. Graph)
Equation in slope intercept form:
General form : y = mx + c
m = slope ; c = intercept
Equation is written as ;
y = 500x + 1000
Answer:
7) a= 20
8) m= 5
9)n = 5
10) b = 8
Step-by-step explanation:
7) 18+2=-2+2+a
>> 20 = a >> a = 20
18 + 2 = 20 so that isolates the variable leaving a = 20
8) -7+12 = m -12+12
>>> 5 = m >> m = 5
-7 + 12 = 5 so that again isolates the variable leaving m = 5
9) <u>-8(7</u> + <u>7n</u>) = -336
>> -56+56 + -56n = -336+56
>>> -56n/-56 = -280/-56
>>>> n = 5
use distributive property, cancel out necessary numbers, isolate the variable. leaving n = 5.
10) -140 = <u>-7(-4 </u>+ <u>3b)</u>
>> -140 = 28 - 21b >> -140-28 = -21b +28-28 ( flipped the numbers)
>>> -168/-21 = -21b /-21
>>>> 8 = b >> b =8
Hope it helps!
