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In the Market for Good X, Demand Is Q^D =

Question 5

Multiple Choice

In the market for good X, demand is Q^D = 6,000 - 0.8P and supply is Q^S = 0.4P - 300. Which of the following is the inverse supply equation?

A) P = 6,000 + 0.8Q
B) P = 300 + 0.4Q
C) P = 7,500 + 1.25Q
D) P = 750 + 2.5Q

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