What is the intercept for the inverse demand curve

Reference no: EM133552751

The demand curve for product ask is given by QXD equals 500 minus 4 PM. Ask the price of product ask is $50 assume that the information about product ask from the problem changed to the following demand intercept 400 demand slope -4. Price of product ask $20 what is the intercept for the inverse demand curve? What is the slope for the inverse demand curve? How much consumer surplus do consumers receive at the given price

Reference no: EM133552751

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