8. Given a demand equation Q = 100 – 10 P, what is the inverse demand? Note that Q refers to the quantity demanded even if we do not represent it by Qd A. P = 100 – 10 Q B. P = 100 – 0.10 Q C. P = 10 – 10 Q D. P = 10 – 1/10 Q E. No correct answer

8. Given a demand equation Q = 100 – 10 P, what is the inverse demand? Note that Q refers to the quantity demanded even if we do not represent it by Qd A. P = 100 – 10 Q B. P = 100 – 0.10 Q C. P = 10 – 10 Q D. P = 10 – 1/10 Q E. No correct answer

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter6: Elasticities

Section: Chapter Questions

Problem 5P

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Question

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8. Given a demand equation Q = 100 – 10 P, what is the inverse demand? Note that Q refers to the quantity demanded even if we do not represent it by Qd

A. P = 100 – 10 Q

B. P = 100 – 0.10 Q

C. P = 10 – 10 Q

D. P = 10 – 1/10 Q

E. No correct answer

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