Given a Linear Demand Function of the Form Q_X^d =

question 23

Multiple Choice

Given a linear demand function of the form Q_X^d = 500 − 2P_X − 3P_Y + 0.01M,find the inverse linear demand function assuming M = 20,000 and P_Y = 10.

• A) P_X = 500 − 2Q_X − 3P_Y + 0.01M
• B) P_X = 335 − 0.5Q_X
• C) P_X = 335 − 2Q_X
• D) P_X = 500 − 2Q_X

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