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Inverse supply curve: Product X

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