Question #106244

the inverse demand functions of two towns for a product are given as

( Q1/2)^1/4=P and {2-Q2/10}= P find the market demand of these two towns

( Q1/2)^1/4=P and {2-Q2/10}= P find the market demand of these two towns

Expert's answer

The market Demand is a sum of two demands for two towns:

"P=P_1+P_2"

Then

"P = 2-0.1Q+0.5Q^{1\/4}"

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## Comments

Assignment Expert25.03.20, 16:21Dear Dee, please use panel for submitting new questions

Dee24.03.20, 17:26{2-Q2/10}= P. Please with this equation, the division sign is for both numerators not only the Q2. The denominator 10 divides both numerators.

Dee24.03.20, 16:00Thank you so much. For answering me on time.

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