A linear demand curve has the equation Q = 50 100P. What is the choke price?

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A linear demand curve has the equation Q = 50 − 100P. What is the choke price?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:45 AM

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Consider a linear demand curve, Q = 350 7P. a) Derive the inverse demand curve corresponding to this demand curve. b) What is the choke price? c) What is the price elasticity of demand at P = 50?
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A linear demand curve has the equation Q = 50 100P. What is the choke price?

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Microeconomics

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