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davie08
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Microeconomics help!(1-5)
Refer to the above graph. Using Qs for quantity supplied and P for price, which of the following equations correctly states the supply of this product?
Answer
a)P = 4 + .2Qs.
b)P = 60/Qs.
c)P = 10Qs - 2P.
d)P = 2 + .2Qs.
the graph is in the attachment
I thought it would be d, I looked at the equation and the 2 should be the first number after p= but I am not too sure on this.
Homework Statement
Refer to the above graph. Using Qs for quantity supplied and P for price, which of the following equations correctly states the supply of this product?
Answer
a)P = 4 + .2Qs.
b)P = 60/Qs.
c)P = 10Qs - 2P.
d)P = 2 + .2Qs.
the graph is in the attachment
Homework Equations
The Attempt at a Solution
I thought it would be d, I looked at the equation and the 2 should be the first number after p= but I am not too sure on this.
Attachments
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