The Solo Coal Mine is the only employer in the small town of Way out there.The market supply of coal miners is Qs = 0.02W - 200,where W is the annual wage of a coal miner and Q is the number of people who would accept employment as a coal miner.What is the inverse supply function for coal miners?
A) W = 0.02Qs - 200
B) W = 0.02Qs + 200
C) W = 50Qs + 10,000
D) W = 200Qs + 500
Correct Answer:
Verified
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