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  • Inverse Demand Function and the Law of Demand

  • Demand Curve

Inverse Demand Function: Price as a Function of Quantity

The inverse demand function, written as P=f(Q)P = f(Q), defines price as a function of quantity. [3] This representation aligns with the standard graphical display of a demand curve, with price on the vertical axis and quantity on the horizontal axis. [1] It specifies the maximum price a firm can set to sell a given quantity of its product. While the direct demand function is used to express price elasticity in terms of price, the inverse demand function is useful for expressing elasticity entirely in terms of quantity.

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CORE Econ

Introduction to Microeconomics Course

Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ

Ch.7 The firm and its customers - The Economy 2.0 Microeconomics @ CORE Econ

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