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Inverse Demand Function
A mathematical function that expresses the price of a good or service as a function of the quantity demanded, illustrating how price can depend on demand.
Quantity Demanded
refers to the specific amount of a good or service that consumers are willing and able to buy at a given price over a certain period of time.
Price p
Represents a reference to a specific, but unspecified, price level in economic models, often used in theoretical contexts.
Inverse Demand Function
A mathematical representation that expresses the price of a good as a function of the quantity demanded, highlighting how price can be influenced by changes in demand.
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