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  2. Inverse demand function - Wikipedia

    en.wikipedia.org/wiki/Inverse_demand_function

    For example, if the demand function has the form = then the inverse demand function would be =. [5] Note that although price is the dependent variable in the inverse demand function, it is still the case that the equation represents how the price determines the quantity demanded, not the reverse.

  3. Demand curve - Wikipedia

    en.wikipedia.org/wiki/Demand_curve

    The graph of the demand curve uses the inverse demand function in which price is expressed as a function of quantity. The standard form of the demand equation can be converted to the inverse equation by solving for P: =. [6]

  4. Demand - Wikipedia

    en.wikipedia.org/wiki/Demand

    For example, if the demand equation is Q = 240 - 2P then the inverse demand equation would be P = 120 - .5Q, the right side of which is the inverse demand function. [13] The inverse demand function is useful in deriving the total and marginal revenue functions. Total revenue equals price, P, times quantity, Q, or TR = P×Q. Multiply the inverse ...

  5. Markup rule - Wikipedia

    en.wikipedia.org/wiki/Markup_rule

    The rule also implies that, absent menu costs, a firm with market power will never choose a point on the inelastic portion of its demand curve (where and ). Intuitively, this is because starting from such a point, a reduction in quantity and the associated increase in price along the demand curve would yield both an increase in revenues ...

  6. Total revenue - Wikipedia

    en.wikipedia.org/wiki/Total_revenue

    Letting TR be the total revenue function: () = (), [1] where Q is the quantity of output sold, and P(Q) is the inverse demand function (the demand function solved out for price in terms of quantity demanded).

  7. Law of demand - Wikipedia

    en.wikipedia.org/wiki/Law_of_demand

    The above equation, when plotted with quantity demanded on the -axis and price on the -axis, gives the demand curve, which is also known as the demand schedule. The demand curve is downward sloping illustrating the inverse relationship between quantity demanded and price.

  8. Supply (economics) - Wikipedia

    en.wikipedia.org/wiki/Supply_(economics)

    The inverse supply equation is the equation written with ... j for example the market supply function is ... they form a point on the customers' demand curve.

  9. Cournot competition - Wikipedia

    en.wikipedia.org/wiki/Cournot_competition

    The consumer demand for mineral water at price is denoted by (); the inverse of is written and the market-clearing price is given by = (), where = + and is the amount supplied by proprietor . Each proprietor is assumed to know the amount being supplied by his or her rival, and to adjust his or her own supply in the light of it to maximize his ...