The supply curve for productxis given byqxs -340 10pxnbspa
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: $
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