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Texts: d. Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.Instruction: Enter all values as integers, or if needed, a decimal rounded to one decimal place.Demand function: Qx = 7400 - 0.5PxInverse demand function: Px = 14800 - 2QxInstruction: Use the tool provided 'D' to graph the inverse demand curve from Qx = 0 to Qx = 6000 (two points total).Your Graph Score: 50%Inverse Demand FunctionPrice (Px)1600014000D120001000080006000400020000020004
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Suppose that budding economist Buck measures the inverse demand curve for toffee as P= 100-Q^D, and the inverse supply curve as P=Q^S . Buck's economist friend Penny likes to measure everything in cents. She measures the inverse demand for toffee as P=10,000-100 Q^D, and the inverse supply curve as P=100 Q^s. a. Find the slope of the inverse demand curve, and compute the price elasticity of demand at the market equilibrium using Buck's measurements. b. Find the slope of the inverse demand curve
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