Demand and Inverse Demand Function | (How to find the INVERSE demand equation) | Think Econ
5:18
YouTubeThink Econ
Demand and Inverse Demand Function | (How to find the INVERSE demand equation) | Think Econ
In this video, we learn about the inverse demand function, specifically how to derive the inverse demand function from demand function! Enjoy! Keywords: inverse demand function, inverse demand function equation, inverse demand function example, inverse demand function vs demand function, inverse demand function microeconomics, inverse demand ...
84.3K viewsJan 7, 2023
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Texts: d. Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.Instruction: Enter all values as integers, or if needed, a decimal rounded to one decimal place.Demand function: Qx = 7400 - 0.5PxInverse demand function: Px = 14800 - 2QxInstruction: Use the tool provided 'D' to graph the inverse demand curve from Qx = 0 to Qx = 6000 (two points total).Your Graph Score: 50%Inverse Demand FunctionPrice (Px)1600014000D120001000080006000400020000020004
Texts: d. Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.Instruction: Enter all values as integers, or if needed, a decimal rounded to one decimal place.Demand function: Qx = 7400 - 0.5PxInverse demand function: Px = 14800 - 2QxInstruction: Use the tool provided 'D' to graph the inverse demand curve from Qx = 0 to Qx = 6000 (two points total).Your Graph Score: 50%Inverse Demand FunctionPrice (Px)1600014000D120001000080006000400020000020004
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