Let the Demand Function for a Product Be Q =

question 11

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 answers is correct.

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Definitions:

Mid-ocean Ridge

An underwater mountain system formed by plate tectonics, featuring a continuous volcanic ridge at the boundary of diverging tectonic plates.

Subduction

A geological process where one tectonic plate moves under another and is forced to sink into the mantle.

Magnetic Stripes

Patterns of magnetic anomalies found on the ocean floor, created by the alternating polarity of Earth's magnetic field and used to understand seafloor spreading.

Magnetic Field

A region of space characterized by the presence of a magnetic force, such as that surrounding a magnet or the Earth.