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