The demand for good X is given by QX = 4,000 - PX - 2PY + 4PZ + 0.2M,where PY is the price of good Y,PZ is the price of good Z,and M is income.If PY = $800,PZ = $200,and M = $5,000,what is the inverse demand function for good X?
A) PX = 1,200 - 2QX
B) PX = 4,200 - QX
C) PX = 3,200 - QX
D) PX = 4,600 - 2QX
Correct Answer:
Verified
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