The Supply Curve For Product X Is Given By QXS
The supply curve for product X is given by QXS = -520 + 20PX .
a. Find the inverse supply curve.
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P = __ + __ Q
b. How much surplus do producers receive when Qx = 400? When Qx = 1,200?
When QX = 400: $
When QX = 1,200: $
