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: $© BrainMass Inc. brainmass.com March 22, 2019, 2:42 am ad1c9bdddf
This solution finds the inverse supply curve and a surplus.