Multiple Choice
Let the demand function for a product be Q = 100 - 2P.The inverse demand function of this demand function is:
A) Q = 100 + 2P.
B) P = 50 - 0.5Q.
C) P = 50 + 0.5Q.
D) none of the statements associated with this question are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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