Question: The supply function for the product X is given as follows. Q = 2000 +3Px - 4Ps - Pw Px is the price of X.Ps

The supply function for the product X is given as follows.

Q = 2000 +3Px - 4Ps - Pw

Px is the price of X.Ps is the price of the other goods and Pw is the price of an input. Let's suppose that each unit of X is sold from the price level of 400 that is Px is 400. Ps is 250 and Pw is 1400. Obtain the supply function. Draw the graph of the supply function and Show the producer surplus on the same graph.

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