For the supply equation below, x is the quantity supplied in units of 1000 and p is the unit price in dollars. p = 1/2x+ 30; p = 39   (b) Determine the number of units of the commodity the supplier will make available in the market at the given unit price.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 40P
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For the supply equation below, x is the quantity supplied in units of 1000 and p is the unit price in dollars.

p = 1/2x+ 30; p = 39
 
(b) Determine the number of units of the commodity the supplier will make available in the market at the given unit price.
thousand units
 
 
 
 
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