A Firm's Demand Curve Is Given by Q = 800

question 46

Multiple Choice

A firm's demand curve is given by Q = 800 - 2P, where P = price and Q = quantity. Therefore, its inverse demand equation is:

• A) MR = 800 - 4P
• B) P = 800 - 2Q
• C) P = 400 - .5Q
• D) P = 800 - .5Q
• E) 800 = Q + 2P

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