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ECO - Given a linear demand function of the form Qxd = 500 - 2Px - 3Py +.01M

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Question;Given a linear demand function of the form Qxd = 500 - 2Px - 3Py +.01M, find the inverse linear demand function assuming M=20,000 and Py = 10.

 

Paper#57565 | Written in 18-Jul-2015

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