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.

# 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.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.3: Lines

Problem 92E

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