Multiple Choice
A firm's demand curve is given by Q = 800 - 2P, where P = price and Q = quantity. Therefore, its inverse demand equation is:
A) MR = 800 - 4P
B) P = 800 - 2Q
C) P = 400 - .5Q
D) P = 800 - .5Q
E) 800 = Q + 2P
Correct Answer:
Verified
Correct Answer:
Verified
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