Mo logo [home] [lexicon] [problems] [tests] [courses] [auxiliaries] [notes] [staff] german flag
Mathematik-Online problems:

Problem 983: Inverse Functions of Supply and Demand

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Suppose that the supply and demand sets for a good are given by

$\displaystyle S = \{(q,p) \vert \; q-p = -6 \}, \quad D = \{(q,p) \vert \; q+3p=9 \}. $

Determine the supply function $ q^S$, the demand function $ q^D$, the inverse supply function $ p^S$, and the inverse demand function $ p^D$.

Verify that for any $ p,q$, $ (p^S q^S)(p) = p$ and $ (p^D q^D)(p) = p$.

(Author: Rafee )

see also:

[Solutions]
  automatisch erstellt am 9. 11. 2004