Question: [Note: In this course -unless otherwise specied- 10g always means logarithm in base 6; which you might be used to indicate with In at school.]

[Note: In this course -unless otherwise specied- 10g always means logarithm

[Note: In this course -unless otherwise specied- 10g always means logarithm in base 6; which you might be used to indicate with In at school.] Suppose that the relation between quantity supplied, qs, and price, p, can be written aslog qs = 10 + 210gp a. Derive the inverse supply curve. b. Why, in this case, is it legitimate to talk about the elasticity of supply? What is the elasticity of supply for this supply curve

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