Here we are given the function:
Steps to find inverse are :
Step 1:
First replace f(x) by y.
Step 2:
Replace every x with a y and replace every y with an x.
Step 3:
Solve the equation from step 2 for y.
Taking log on both sides:
Answer:
Inverse function is :
Answer:
a. D'(p) = -10p - 6
b. There is a decrease of 96 units of demand for each dollar increase
Step-by-step explanation:
The demand function is:
(a) The derivate of the demand function with respect to price gives us the rate of change of demand:
(b) When p = $9, the rate of change of demand is:
This means that, when p = $9, there is a decrease of 96 units of demand for each dollar increase.
