The Inverse Supply Equation for Clay Pots Is P =

question 148

Multiple Choice

The inverse supply equation for clay pots is P = 0.5Q ^S + 1; the inverse demand equation is P = -2Q^D + 15. Quantity is in thousands of units. What is the normal demand equation?

• A) Q = 2P - 15
• B) Q = 7.5 - 2P
• C) Q = 15 - 2P
• D) Q = 7.5 - 0.5P

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