The supply curve for productXis given byQXS= -340 + 10PX .

The supply curve for productXis given byQXS= -340 + 10PX .

Question

The supply curve for productXis given byQXS= -340 + 10PX.

a. Find the inverse supply curve.

P =+Q

b. How much surplus do producers receive whenQx= 350? WhenQx= 1,000?

When QX= 350: $

When QX= 1,000: $

The supply curve for productXis given byQXS= -340 + 10PX .


 

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