Suppose the supply function for product X is given by Q_X^S= - 30+2P_x-4P_z

Instruction: enter all values as integers, or if needed, a decimal rounded to one decimal place.

a. how much of product X is produced when P_x=$600 and P_z=$60?

answer:___________

b. how much of product X is produced when P_x=$80 and P_z=$60?

answer:____________

c. Suppose P_z=$60. Determine the supply function and inverse supply function for good X. Graph the inverse supply function.

Supply Function: Q_X^S=__________+___________P_x

Inverse supply funtion: P_X=___________+___________Q_X^S

Instruction. use the tool provided "S" to graph the inverse supply function from Q_X=0 to Q_X =200 (two points total)