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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Answer:
103/28
Step-by-step explanation:
Let the number be 'x'
Equation:-
7x - 3/4 = 25
7x = 25 + 3/4
7x = 100/4 + 3/4
7x = 103/4
x = 103/(4 x 7)
x = 103/28
Put numbers in order: 4,5,6,6,7,8,9,9,10,10,12,12,14,15
Cut the list into two equal parts: 4,5,6,6,7,8,9 and 9,10,10,12,12,14,15
Find middle numbers: 4,5,6,6,7,8,9 and 9,10,10,12,12,14,15
Lower quartile: 6
Upper quartile: 12
The difference of the values of the first and third quartiles of the data set is 12 - 6 = 6
The answer is weak shawty
