Inverse demand function

This is an old revision of this page, as edited by 131.111.171.107 (talk) at 11:00, 13 March 2007. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

In economics, an inverse demand function is a function that maps the quantity of output supplied to the market price (dependent variable) for that output.

In mathematical terms, if the demand function is f(x), then the inverse demand function is f -1(x). This is to say that the inverse demand function is the demand function with the axes switched.