Question
Suppose at price p = 0, demand is q = 100 units and supply is q =-10 units yes, it is negative). Suppose the equilibrium price is $10 and
equilibrium demand is 33 units. (Assume demand and supply are linear)
Find the supply when p Ss.
Answer:
units
Hint:
First try to find the supply function.
Expand
Transcribed Image Text

Suppose at price p = 0, demand is q = 100 units and supply is q =-10 units yes, it is negative). Suppose the equilibrium price is $10 and equilibrium demand is 33 units. (Assume demand and supply are linear) Find the supply when p Ss. Answer: units Hint: First try to find the supply function.

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