Let the demand function for a product be Q = 100 - 2P.The inverse demand function of this demand function is:

Question

Quizplus · Accepted Answer

To find the inverse demand function, we need to solve for P as a function of Q. Starting with Q = 100 - 2P, we can first subtract Q from both sides: -Q = -2P + 100. Then, we can divide both sides by -2 to solve for P: P = 50 - 0.5Q. Therefore, the correct inverse demand function is P = 50 - 0.5Q, which is choice B.

Let the Demand Function for a Product Be Q =