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Author Question: The inverse supply curve of coffee beans equals P = -5 - 2rain + Qs, where rain equals the number of ... (Read 101 times)

nmorano1

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The inverse supply curve of coffee beans equals P = -5 - 2rain + Qs, where rain equals the number of inches of rain per year. How much does quantity supplied change when rain increases from 30 inches to 40 inches per year?
 
  A) Qs decreases by 40.
  B) Qs increases by 40.
  C) Qs increases by 30.
  D) Qs decreases by 30.

Question 2

What is the total market supply, Qs, for luxury sports cars in the United States if the only three suppliers inverse supply functions are P = -10 + 5Qs1, P = 20 + 5Qs2, P = 5Qs3?
 
  A) P = 10 + 21Qs
  B) Qs = -2 +P/15
  C) Qs = 6 + P/15
  D) Qs = -2 + P/15


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Cnarkel

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nmorano1

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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