Econ 101 – Homework #2 Posted on September 1, 2009August 30, 2009 by Tom Schenk Jr View this document on Scribd Share:TwitterFacebookGooglePocketTumblrLinkedInEmailMorePinterestRedditStumbleUponPrintGoogle+ Tom Schenk Jr
Q7 on homework: formula for Qs: is that a negative 5 or did you mean for that to read “Qs = 5 + 2p”? Reply
Diane- Indeed, it is negative 5. The supply curve may look a little different if you plot it, but it still maintains the law of supply where as price rises, the quantity supplied increases. Reply
Q7 on homework:
formula for Qs: is that a negative 5 or did you mean for that to read “Qs = 5 + 2p”?
Diane-
Indeed, it is negative 5. The supply curve may look a little different if you plot it, but it still maintains the law of supply where as price rises, the quantity supplied increases.