The Supply Curve of Rubber Balls Is Given by Q

question 61

Essay

The supply curve of rubber balls is given by Q = 100P - 10.
a. What happens to the quantity supplied of rubber balls if the price of rubber balls increases by $1?
b. What is the equation for the inverse supply curve?
c. Graph the supply curve of rubber balls, showing the quantity supplied at prices of $0.10 and $0.60.

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