In its standard form a linear demand equation is Q = a - bP. That is, quantity demanded is a function of price. The inverse demand equation, or price equation, treats price as a function g of quantity demanded: P = f(Q). To compute the inverse demand equation, simply solve for P from the demand equation.
wondering where Price is in the equation?
If the demand function is Qd=-0.5+20,calculate the quantity demand when the price is 15.00?
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