alleryMatch curve formulas: 1. Direct: p. Q of P 2. Inverse: q. P of Q 3. Slope: r. Negative
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Direct demand gives quantity as a function of price, inverse demand gives price as a function of quantity, and both have negative slopes.
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