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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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The equation below represents a linear demand curve. Use the grid (See image) for your plots. Write
all derivations in the spaces under the corresponding question.

l) Plot the demand function on the top set of axes: Q_x= 80000 - 100P _{x .}The price function is the inverse of the demand function. What is this inverse?

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