The Inverse Demand Function for Cantaloupes Is Defined by the Equation

question 7

Multiple Choice

The inverse demand function for cantaloupes is defined by the equation p = 305 - 5q, where q is the number of units sold. The inverse supply function is defined by p = 8 + 4q. A tax of $45 is imposed on suppliers for each unit of cantaloupes that they sell. When the tax is imposed, the quantity of cantaloupes sold falls to

• A)28
• B)33
• C) 21.75.
• D)26.
• E) 30.50.

---

Definitions:

Funeral Expenses

The costs associated with conducting a funeral, which may include fees for a funeral home's services, burial or cremation, and memorial services.

Median Cost

The middle value in a list of costs, where half of the figures are higher and half are lower, providing a measure that is less affected by extreme values.

Licensing Exam

A standardized test that professionals must pass to legally practice or work in a specific field or profession.

Mortuary Science

The study and practice involving the management of funeral services, including the care of the deceased, and preparation for burial or cremation.