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Question: suppose the supply curve for a product is given by...

Question details

Suppose the supply curve for a product is given by Qxs = -300 + 4Px + 2Pz and Px = 80, Pz = 100 .

Show your work!


a. How much X is produced?

b. What is the inverse supply curve for X given the above information?


c. Graph this supply curve.


d. Show what happens to this supply curve if the price of Z goes up by $20

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