If the supply curve is given by S(p) = 100 + 20p, what is the formula for

Question

the inverse supply curve? Show your working

Answer 1

The inverse supply curve is the inverse of the original supply curve. To find the inverse, we need to solve for p in terms of S.

S(p) = 100 + 20p

p = (S - 100) / 20

Therefore, the inverse supply curve is p = (S - 100) / 20.