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The demand function for printed textbooks is Qd(PRINTED) = 200 - 0.5 P The demand function for e-textbooks is Qd(ETEXT) = 500 - 10P a.
The demand function for printed textbooks is Qd(PRINTED) = 200 - 0.5 P
The demand function for e-textbooks is Qd(ETEXT) = 500 - 10P
a. Derive the inverse demand function for each type of textbook.
b. Graph these two demand functions, as well as the market demand for textbooks.
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