Business Studies, asked by ravendrakumar4243, 1 year ago

To sum demand of huseholds in inverse demand function

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Answered by GhaintKudi45
0
The inverse demand function is the same as the average revenue function, since P = AR. To compute the inverse demand function, simply solve for P from the demand function. For example, if the demand function has the form Q = 240 - 2P then the inverse demand function would be P = 120 - 0.5Q.

Answered by 00himadriSharma00
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answer to your question is given in the attachment

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