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Question 1: The inverse demand for hamburgers is p(q) = 1/q . Denote the demand function by q(p). What is q (1)? [a 1/3 [bj

Question 1: The inverse demand for hamburgers is p(q) = 1/q . Denote the demand function by q(p). What is q (1)? [a 1/3 [bj 1 -1/3 [d] -1 [e] None of the above Question 2: What is Elpla(p)]? [a] -1/3 [bj 1 (c] -1/3 [d) -1 fel None of the above

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