supply curve for product X
The supply curve for product ;X ;is given by ;QXS ;= -300 + 10PX ;.
a. Find the inverse supply curve.
P = ; ;? + ? ;Q
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b. How much surplus do producers receive when ;Qx ;= 300? When ;Qx ;= 800?
When QX ;= 300: $ ?
When QX ;= 800: $ ?