Question: Determine an inverse function of demand and a function inverse to a given demand function: yd (p) = -apa + b, a, b > 0.

Determine an inverse function of demand and a function inverse to a givendemand function: yd (p) = -apa + b, a, b > 0.

demand function: yd (p) = -apa + b, a, b > 0. Draw graphs of these functions in the case when: (a) a (0, 1), (b) a > 1.

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