Where x is the quantity of good X demanded, the inverse demand function for X
A) expresses 1/x as a function of prices and income.
B) expresses the demand for x as a function of 1/px and income, where px is the price of x.
C) expresses the demand for x as a function of 1/px and 1/m, where m is income.
D) specifies 1/x as a function of 1/px and 1/m, where m is income.
E) None of the above.
Correct Answer:
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