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The Application section was almost all about marginal revenue, so I deleted it as a section and moved its content to the marginal revenue section. |
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Line 4:
:<math>P = f^{-1}(Q).</math>
Legend:
P = Price
Q = Quantity
f =
The inverse demand function is the form of the demand function that appears in the famous [[Marshallian Scissors]] diagram. The function appears in this form because economists place the independent variable on the y-axis and the dependent variable on the x-axis.
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