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    Business
  3. Study Set
    Managerial Economics and Business Strategy Study Set 1
  4. Exam
    Exam 8: Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets
  5. Question
    Let the Demand Function for a Product Be Q =
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Let the Demand Function for a Product Be Q =

Question 25

Question 25

Multiple Choice

Let the demand function for a product be Q = 50 − 5P.The inverse demand function of this demand function is:


A) Q = 25 + P
B) P = 10 − 0.2Q
C) P = 10 + 0.2Q
D) P = 50 − 0.2Q

Correct Answer:

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