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The demand curve for product x is given by Qx = 500 - 4Px. Find the inverse demand curve.

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Final answer:

To find the inverse demand curve, solve the given demand curve equation for P by rewriting it as Px = (500 - Qx)/4.

Step-by-step explanation:

The inverse demand curve can be found by solving the given demand curve equation for P.

We have the demand equation as Qx = 500 - 4Px.

To find the inverse demand curve, we need to solve this equation for Px.

Let's rewrite the equation as Px = (500 - Qx)/4.

This is the inverse demand curve.