What is the form of the inverse demand function for good 1 in the case of perfect complements?

16.Suppose the market for a good is composed of 1,000 identical consumers. The market's demand curve is given by QM = 150,000 – 25P. What is the equation for an individual consumer's demand curve? A) Q = 150,000,000 – 25,000P B) Q = 6,000,000 – 40P C) Q = 6- 4P D) Q = 150 –0.025 17.There are 100 consumers in the market for good X. each with a demand curve given

Nicanor's passion is good wine. If the prices of the other goods are constant, Nicanor's demand for a good Rioja is c = 0.04m – 2p, where m is his income, p is the price of Rioja and c is the demand for Rioja bottles. Assume that Nicanor has an income of $10,000 and that the price of a decent bottle of Rioja is $50. If the price of Rioja rises to $60, determine the income effect and the substitution effect on the demand for bottles of Nicanor wine.

Suppose that after your income increases, you consume less fast food. This means:     Fast food is considered an inferior good.      Coke and Pepsi are substitutes.      Coke and fried chicken are complements.      None of the above.