ume a supply equation: Q = 0.1p - 0.02p; + 0.01N + 0.01T-0.1w ere: p= own price P; = price of an input = $150 Q = quantity supplied (thousands of units) N= number of firms = 100 T = index of technology 300 w = wage rate = $10 The quantity supplied as a function of the price can be written: Q = If the price of the good is $19, what would be the quantity supplied? thousand units. (enter a real number rounded to one decimal place)
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![Assume a supply equation:
Q = 0.1p- 0.02p; + 0.01N + 0.01T-0.1w
where:
p = own price
P; = price of an input = $150
N = number of firms = 100
Q= quantity supplied
(thousands of units)
T= index of technology = 300
w = wage rate = $10
The quantity supplied as a function of the price can be written:
Q =]
If the price of the good is $19, what would be the quantity supplied?
thousand units. (enter a real number rounded to one decimal place)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d6a5a07-ef19-4831-8f02-604f233dff36%2F790d64a1-8bf2-42dc-b52e-97bf03c26abe%2Fgiwwkp_processed.jpeg&w=3840&q=75)
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