Suppose the supply function for these items is Q=100p+80, which means that there are 80 items already in the warehouse,...

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Suppose the supply function for these items is Q=100p+80, which means that there are 80 items already in the warehouse, and or each that is $1 that the price goes up the supply will go up 100 times (meaning 100 more will be produced) The values of Q are the numbers of items that will be available at the price P. What is the supply when the price is $10

    • 12 years ago
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