The following general supply function shows the quantity of good X that producers offer for sale (Q

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The following general supply function shows the quantity of good X that producers offer for sale (Qs):

Qs = 19 + 20Ps - 10PI  + 6T - 32Pr - 20Pe + 5F

where Px is the price of X, PI is the price of labor, T is an index measuring the level of technology, Pr is the price of a good R that is related in production, Pe is the expected future price of good X, and F is the number of firms in the industry.
 a. Determine the equation of the supply curve for X when PI = 8, T = 4, Pr = 4, Pe = 5, and F = 47. Plot this supply curve on a graph.
 b. Suppose the price of labor increases from 8 to 9. Find the equation of the new supply curve. Plot the new supply curve on a graph.
 c. Is the good related in production a complement or a substitute in production? Explain.
 d. What is the correct way to interpret each of the coefficients in the general supply function given above?


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