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The demand curve for a truckload of firewood for college students in a small town is Qc - 350 - p.

It is sometimes convenient to rewrite a demand curve equation with price on the left hand side. We refer to such a relationship as the inverse demand curve. ​ Therefore, the inverse demand curve for college students is p = 350 - Qc.

The demand curve for other town residents is Qt = 350 - 2p.

What is the inverse demand curve for other town​ residents?

The inverse demand curve for other town residents is p = 175 - 0.5 Qr

Respuesta :

The inverse demand curve for other town​ residents will be,

Given, Qc = 350-p

Inverse demand function

P= 350-90

The demand curve of other town residents

Qs = 250-2P

Then the inverse demand curve is

2P = 250-QF

P =125-0.5QF

P = 125 - 0.5QF

What is a demand curve?

The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time.

Hence, by the above solution, the inverse demand curve for other town​ residents will be 125 - 0.5QF.

Learn more about demand curve here,

https://brainly.com/question/14333119

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