Refer to the Following:
the Market Demand for a Monopoly $Q _ { d } = 100,000 - 500 P + 2 M + 5000 P _ { R }$

question 75

Multiple Choice

Refer to the following:
The market demand for a monopoly firm is estimated to be:
$Q _ { d } = 100,000 - 500 P + 2 M + 5000 P _ { R }$
where
$Q _ { d }$ is quantity demanded, P is price, M is income, and
$P _ { R }$ is the price of a related good. The manager has forecasted the values of M and
$P _ { R }$ will be $50,000 and $20, respectively, in 2015.
-For 2015, the inverse demand function is

• A) Q = 300 -0.005P.
• B) P = 600- 0.001Q.
• C) P = 300 - 0.002Q.
• D) P = 600 - 0.004Q.
• E) none of the above

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