Assuming demand is a straight line, the equation of the inverse demand curve is represented as

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The inverse demand curve represents the relationship between the price (P) and quantity demanded (Q), showing the price at which consumers are willing to purchase a certain quantity. The correct equation form for an inverse demand curve is P = a - bQ, where 'a' is the maximum price consumers are willing to pay and 'b' is the slope of the demand curve, indicating the rate at which price decreases as quantity demanded increases. Option B correctly represents this relationship.

Assuming Demand Is a Straight Line, the Equation of the Inverse