If demand is estimated to be $Q _ { d }$ = 240 - 6P,the inverse demand function is

Question

Quizplus · Accepted Answer

To get the inverse demand function, we must solve for P in terms of Q. 
Starting with the given demand function:
$Q _ { d }$ = 240 F1F1F1S1F1F1F10 6P 
Dividing both sides by 240:
F1F1F1S1F1F1F10  Q = P
Subtracting Q from both sides:
P = F1F1F1S1F1F1F10  Q / 6
Simplifying:
P = 40 F1F1F1S1F1F1F10 0.1667Q
Therefore, the answer is A.

If Demand Is Estimated to Be QdQ _ { d }Qd​

If Demand Is Estimated to Be $Q _ { d }$