Inverse demand function: Difference between revisions

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Quantity demanded, Q, is a function of price; the inverse demand function treats price as a function of quantity demanded, and is also called the price function.<ref>Samuelson, W and Marks, S Managerial Economics 4th ed. page 35. Wiley 2003.</ref>
 
:<math>P = f^{-1}(Q)</math>
 
==Definition==