The demand curve for blueberry.com's sole product is Answer the following questions. Q = 4 - 1/3P a. Find the inverse demand curve (i.e. by making P the subject) [2 marks] b. What is the price if the quantity demanded is Q=3? [1 mark] c. Sketch the graph of the function obtained in a. [1 mark] d. What is the gradient of the inverse demand curve you have just found? [1 mark] e. Where will the line graph of this function cross the vertical (P) axis? [1 mark] f. = If the inverse supply function is P blueberry.com's product? [2 marks] 2 + 2Q, what is the equilibrium price of

The demand curve for blueberry.com's sole product is Answer the following questions. Q = 4 - 1/3P a. Find the inverse demand curve (i.e. by making P the subject) [2 marks] b. What is the price if the quantity demanded is Q=3? [1 mark] c. Sketch the graph of the function obtained in a. [1 mark] d. What is the gradient of the inverse demand curve you have just found? [1 mark] e. Where will the line graph of this function cross the vertical (P) axis? [1 mark] f. = If the inverse supply function is P blueberry.com's product? [2 marks] 2 + 2Q, what is the equilibrium price of

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter7: Analytic Trigonometry

Section7.6: The Inverse Trigonometric Functions

Problem 94E

See similar textbooks