Problem $02-03$

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?$

b$.$ How much of product $x$ is produced when $P_x=$$$80$ and $P_Z=$$$60?$

Instruction: Enter any fractions in their decimal form. For example, enter $0\mathrm{.}25$ for $\frac{1}{4}.$

c$.$ Suppose $P_Z=$$$60.$ Determine the supply function and inverse supply function for good $x.$ Graph the inverse supply function.

Supply function: $Q_{x}S=+Px$

Inverse supply function: $P_x=,+,Q_{x}S$

Instruction: Use the tool provided $\text{'}$S$\text{'}$ to graph the inverse supply function from $Q_x=0$ to $Q_x=200$