Thank you so much for this video; however I am still very confused. If the axes are changed, we can't use the regular formula of Δy / Δx for the slope! The formula has to be changed to Δx/ Δy ! Isn't this true?
So the curve formed with the inverse demand function on the right hand side is named as....what??? Is it be demand curve or the inverse demand curve...I really get perplexed to find the answer of this... Please help!!
Logically,curve formed with inverse demand function should be inverse demand curve as price is function of quantity. But in most (even every) case we called it as demand curve....what is really true? Also if we given the slope of demand curve and slope of inverse demand curve...will it be same or not and similarly what will be slope of demand function and slope of inverse demand function ?
I ask myself that question and search about answer for long time back to 2015 and I get to know that the are many reasons one of them it is easy to get equilibrium points by using inverse relationships and also to connected with another equation to get multiple theories links together. Another reason maybe because we look at thing from customer point of view as he or she look at price first and then decide to buy or not . Ant the end, I don’t know what is exact reasons but that is what I found and I think especially I am not economist I am an accountant. Regards,
Huge help for my MBA class in managerial econ, thank you!! and I love how you defend your points, very well said =)
WOW this was so so so helpful for my uni course right now! Was stuck on this for far longer than I should've been..... Thank you :)
The question mysteriously showed up for the first time and it was in our exam today Ashley! I just thought of Algebra and figured my way out of it.
wow thank you so much! I had this weird feeling about demand function that q should be on vertical axis not on horizontal , now I know the reason.
Thank you so much for this video; however I am still very confused. If the axes are changed, we can't use the regular formula of Δy / Δx for the slope! The formula has to be changed to Δx/ Δy ! Isn't this true?
This is true. ? If we plot the inverse demand function, The slope should be variation in X, over variation in y
Thank you, Ma'am
you can explain very good
Thanks
🥰🥰🥰🥰🥰🥰🥰
So the curve formed with the inverse demand function on the right hand side is named as....what???
Is it be demand curve or the inverse demand curve...I really get perplexed to find the answer of this...
Please help!!
So what will be the inverse demand curve?
Logically,curve formed with inverse demand function should be inverse demand curve as price is function of quantity.
But in most (even every) case we called it as demand curve....what is really true?
Also if we given the slope of demand curve and slope of inverse demand curve...will it be same or not and similarly what will be slope of demand function and slope of inverse demand function ?
Mam why we used inverse demand function in demand function?..
Thank you Ashley.
Very informative video, thanks a lot
Really great teacher🙏🙏🙏
I ask myself that question and search about answer for long time back to 2015 and I get to know that the are many reasons one of them it is easy to get equilibrium points by using inverse relationships and also to connected with another equation to get multiple theories links together. Another reason maybe because we look at thing from customer point of view as he or she look at price first and then decide to buy or not .
Ant the end, I don’t know what is exact reasons but that is what I found and I think especially I am not economist I am an accountant.
Regards,
Thank you ma'am. Confusion solved
thank you, cleared it up
Can you make a video on math topics requirement for understanding undergrad Econ? freshman here🙏 looking to prepare
Good job
Thank you ma'am
You're WOW :) Thanks
Thank you
Am i the only one who needs help rearranging the formula????
Thank you