R rbcc Junior Member Joined Nov 18, 2009 Messages 126 Sep 12, 2011 #1 Hi, I have a quick question. Given the following demand function, find the inverse demand. q(p)=100-2p so q+2p=100 p=(100-q)/2 is that right? thanks, rbcc
Hi, I have a quick question. Given the following demand function, find the inverse demand. q(p)=100-2p so q+2p=100 p=(100-q)/2 is that right? thanks, rbcc
tkhunny Moderator Staff member Joined Apr 12, 2005 Messages 11,325 Sep 12, 2011 #2 What do you think? Can you prove it? 1) Given a 'p' 2) Calculate its related 'q'. 3) Use your alleged inverse to re-calculate the original 'p'.
What do you think? Can you prove it? 1) Given a 'p' 2) Calculate its related 'q'. 3) Use your alleged inverse to re-calculate the original 'p'.
