Multiple Choice
For the direct demand curve derived above,the equation for the inverse demand function is
A) P = 50,500 - 1,000Qd
B) P = 30,500 - 0.001Qd
C) Qd = 30,500 - 0.001P + 0.25M
D) Qd = 30,500 - 0.001P + 5PR
E) P = 50.5 - 0.0001 P
Correct Answer:

Verified
Correct Answer:
Verified
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