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please help!! Suppose the estimate of the demand function for the firm's product is: Qxd=2005Px+2Py+0.01M+2Ax, where Py=20,Ax=80, and M=$6,000$. What is the inverse demand curve?
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Suppose the estimate of the demand function for the firm's product is: Qxd=2005Px+2Py+0.01M+2Ax, where Py=20,Ax=80, and M=$6,000$. What is the inverse demand curve? 1) Px=900.1Q 2) Px=4505Q 3) Px=920.2Q 4) Px=900.2Q 1 4 3 2 Step by Step Solution
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