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What Is the Total Market Supply, Qs, for Luxury Sports

Question 44

Multiple Choice

What is the total market supply, Qs, for luxury sports cars in the United States if the only three suppliers inverse supply functions are P = -10 + 5Qs1, P = 20 + 5Qs2, P = 5Qs3?


A) P = 10 + 21Qs
B) Qs = -2 + What is the total market supply, Qs, for luxury sports cars in the United States if the only three suppliers inverse supply functions are P = -10 + 5Qs<sub>1</sub>, P = 20 + 5Qs<sub>2</sub>, P = 5Qs<sub>3</sub>? A) P = 10 + 21Qs B) Qs = -2 + C) Qs = 6 + D) Qs = -2 +
C) Qs = 6 + What is the total market supply, Qs, for luxury sports cars in the United States if the only three suppliers inverse supply functions are P = -10 + 5Qs<sub>1</sub>, P = 20 + 5Qs<sub>2</sub>, P = 5Qs<sub>3</sub>? A) P = 10 + 21Qs B) Qs = -2 + C) Qs = 6 + D) Qs = -2 +
D) Qs = -2 + What is the total market supply, Qs, for luxury sports cars in the United States if the only three suppliers inverse supply functions are P = -10 + 5Qs<sub>1</sub>, P = 20 + 5Qs<sub>2</sub>, P = 5Qs<sub>3</sub>? A) P = 10 + 21Qs B) Qs = -2 + C) Qs = 6 + D) Qs = -2 +

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