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The demand curve for a truckload of firewood for college students in a small town is Qc=350p. It is sometimes convenient to rewrite a demand
The demand curve for a truckload of firewood for college students in a small town is
Qc=350p.
It is sometimes convenient to rewrite a demand curve equation with price on the left hand side. We refer to such a relationship as the inverse demand curve. Therefore, the inverse demand curve for college students is
p=350Qc.
The demand curve for other town residents is
Qr=1502p.
Part 2What is the inverse demand curve for other town residents?Part 3The inverse demand curve for other town residents is
p=enter your response here.
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