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 answer is 22.6 so the quotient would be between 22.0 and 23.0, hope this helps.
Your answer is C.
Round all the numbers then multiply since it says estimate.
Π = 3.14 = 3
3.75 = 4
6.21 = 6
3•4^²•6 = 288
