- #1
wmosley
- 12
- 0
For a certain commodity, the demand equation is given by D= -5p + 5=. At a price of $1, twelve units of the commodity are supplied. If the supply equation is linear and the market price is $4, find the supply equation.
Answer:
For this one I have come up with a formula of:
s= ap+b where p if the varialbe, price, and a,b are constants
s is supply.
I think I have to find a and b but amd not sure.
Can someone help me with figure this one out...
Answer:
For this one I have come up with a formula of:
s= ap+b where p if the varialbe, price, and a,b are constants
s is supply.
I think I have to find a and b but amd not sure.
Can someone help me with figure this one out...