Inverse Supply Function Calculator
Inverse Supply Function Calculator helps calculating the Inverse Supply Function.
What is Inverse Supply Function?
In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted.
In economics, an Inverse Supply Function is the inverse function of a Supply function. The inverse Supply function views price as a function of quantity.
What is the General Form of Inverse Supply Function?
Given the general form of Supply Function: Q = f(P),
then the general form of Inverse Demand Functionis: P = f-1(Q)
Example of Inverse Supply Function
For example: if the Inverse Supply Function is:
P = 15 + 5 Q
The Inverse Supply Curve is:
Q = P / 5 - 3