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greyseal92Lv1
28 Sep 2019
The supply curve for product X is given by QXS = -500 + 10PX .
a. Find the inverse supply curve.
P = + Q
b. How much surplus do producers receive when Qx = 470? When Qx = 1,190?
When QX = 470: $
When QX = 1,190: $
The supply curve for product X is given by QXS = -500 + 10PX .
a. Find the inverse supply curve.
P = + Q
b. How much surplus do producers receive when Qx = 470? When Qx = 1,190?
When QX = 470: $
When QX = 1,190: $
Yusra AneesLv10
28 Sep 2019