Let the Demand Function for a Product Be Q =

question 38

Multiple Choice

Let the demand function for a product be Q = 100 − 2P.The inverse demand function of this demand function is:

• A) Q = 100 + 2P.
• B) P = 50 − 0.5Q.
• C) P = 50 + 0.5Q.
• D) None of the preceding answers is correct.

---

Definitions:

Double Taxation

A situation in which the same income is taxed twice; this often occurs with corporate income taxes where earnings are taxed at the corporate level and again when distributed as dividends to shareholders.

Start-Up Investment

Start-up investment refers to the initial capital required to start a new business, including costs for product development, market research, and operational expenses.

Sole Proprietorship

A business structure in which a single individual owns and operates the business, bearing sole responsibility for its debts and liabilities.

UPA

Stands for Uniform Partnership Act, which is a set of laws adopted by various states in the United States that governs partnerships.