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Calculate the total market supply, Qs, for luxury sports cars in USA if the only three suppliers inverse supply functions are P = -10 +
Calculate the total market supply, Qs, for luxury sports cars in USA if the only three suppliers inverse supply functions are P = -10 + 5Qs1, P = 20 + 5Qs2, P = 5Qs3?
Question 1 options:
P = 10 + 20Qs
Qs = 10 + (P/15)
Qs = -2 + (5P/15)
Qs = -2 + (P/15)
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