Demand and Inverse Demand Function | (How to find the INVERSE demand equation) | Think Econ

In this video, we learn about the inverse demand function, specifically how to derive the inverse demand function from demand function! Enjoy!
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[@ThinkEcon]

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[@Vector-ig5ms]

Done🔥,,,you a good tutor

[@ThinkEcon]

@@Vector-ig5ms Thank you!

[@owenthomas3621]

Another absolute BANGER of a video 🔥 🔥 🔥

[@sof185]

I am Think Econ's biggest fan🥳🥳🥳🙌🏼

[@markkorchnoy4437]

Man thanks, lmao i thought it was impossible to solve! Thank you from France!

[@ThinkEcon]

My pleasure!

[@janenelisafreitas6071]

You are brilliant

[@aadilshaikh4319]

Very helpful video god bless you

[@ThinkEcon]

Thank you very much!

[@nimra9679]

Make videos on game theory

[@chellenix2508]

Can you cover equations that have fractions in them? Ex. P=2/Q Also great job keep going🙌

[@ThinkEcon]

You got it! Check out our video here: kzbin.info/www/bejne/mZbGfWh9Yqd4erM

[@arbabwaris1432]

Thank you,sir you can explain very good Thanks

[@ThinkEcon]

Thank you!

[@arbabwaris1432]

​@@ThinkEcon Thank you sir, you teach so well

[@ThinkEcon]

@@arbabwaris1432 I appreciate the kind words :)

[@arbabwaris1432]

@@ThinkEcon No need sir 🥰😇

[@harsimarsingh1617]

Thank you so much❤

[@ThinkEcon]

You're welcome!

[@tousifreza6841]

Sir I have a problem please make a video solution 🙏 Given the supply and demand function,calculate the equilibrium price and quantity P= Q*Qs + 14Qs +22 P= -Q*Qd -10 Qd+150 Here * that means multiple In simple told we can say Q raise to the power

[@nikachkheidze6321]

i might be wrong for this but if these are quadratic equations you can solve both equations and if at least one of the answers are the same (for example if you got 5 in one of the equation's answers and 5 in other equation's answers) that should be the quantity equilibrium and for price equilibrium just reverse the function as shown in the video

[@lkg7310]

by how the value is given to the variables..... Like in this case how 240 and 5 have been written

[@ThinkEcon]

That's a very good question. So you'll notice that the demand equation is linear, so the inverse demand equation takes on the form y=mx+b. m is the slope (rate of change) and b is the y-intercept (starting point) of the line! These will often be given to you in the question, but that's what the values actually mean. Hope this helps! :)

[@Tisha030]

🎉🎉

[@ThinkEcon]

🎉🎉🎉

[@kaneezfatima6808]

❤❤

[@kaneezfatima6808]

I am really happy after seeing this coz my all doubts got clear.....thanku u from Kashmir. ❣️

[@adamjakab1242]

Whats the point of finding the inverse demand equation if its the same as the original demand equation?

[@ThinkEcon]

Sometimes you'll be given the inverse and be expected to graph it and find equilibrium with an original supply equation, so it's important to know how to flip back and forth between them!

[@primus4895]

how do i convert from inverse to demand fn

[@ThinkEcon]

It would be the exact same steps, but you would be isolating for Q instead of P. You would use inverse operations

[@primus4895]

@@ThinkEcon yeah i got it,, ty

[@chavezbalbuenachristian5714]

when would you post videos for monopoly ? :(

[@ThinkEcon]

That's a great video idea. Many people struggle with the monopoly graphs and calculations

[@chavezbalbuenachristian5714]

@@ThinkEcon It would be fantastic and helpful, all your videos are so useful for my Econ class. Literally the BEST!

[@ThinkEcon]

@@chavezbalbuenachristian5714 I appreciate the kind words! We'll look into putting out some monopoly and monopolistic competition videos then!