The Demand for Good X Is Given by Q_X =

question 40

Multiple Choice

The demand for good X is given by Q_X = 4,000 - P_X - 2P_Y + 4P_Z + 0.2M,where P_Y is the price of good Y,P_Z is the price of good Z,and M is income.If P_Y = $800,P_Z = $200,and M = $5,000,what is the inverse demand function for good X?

• A) P_X = 1,200 - 2Q_X
• B) P_X = 4,200 - Q_X
• C) P_X = 3,200 - Q_X
• D) P_X = 4,600 - 2Q_X