Economy, asked by jecktaoya, 3 days ago

7. What is the form of the inverse demand function for good 1 in the case of perfect complements?

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Answered by marysherlin82
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Answer:

Definition. In mathematical terms, if the demand function is Q = f(P), then the inverse demand function is P = f−1(Q). The value P in the inverse demand function is the highest price that could be charged and still generate the quantity demanded Q.

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