Question 22

Question 22 1 pts The inverse demand functions for annual squash club memberships is P = 1200 - 4Q and the inverse supply function for squash club memberships is P = 2Q. The government decides to pay squash clubs a subsidy of $60 for every squash club membership, the price of squash club memberships will decrease by $40 decrease by $10 increase by $60 not change decrease by $60 increase by $10 increase by $40