Homework Answers
Demand function is given by qD = 10 - 0.2P. Market demand is 10qD = QD = 100 - 2P.
Inverse demand is 2P = 100 - QD or P = 100/2 - QD/2
Hence inverse demand is P = 50 - 0.5QD
Answer to the box is 0.5
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