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.

P = + Q

b. How much surplus do producers receive when Qx = 400? When Qx = 1,200

When QX = 400: $

When QX = 1,200: $

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Econometrics: the supply curve for product x is given by qxs
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