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    Inverse supply curve: Product X

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    The supply curve for product X is given by QXS = -480 + 20PX .

    a. Find the inverse supply curve.

    P = ____ + Q_____

    b. How much surplus do producers receive when Qx = 320? When Qx = 940?

    When QX = 320: $

    When QX = 940: $

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    Solution Summary

    This solution finds the inverse supply curve and a surplus.

    $2.19