2 thoughts on “Econ 101 – Homework #2

  1. Q7 on homework:

    formula for Qs: is that a negative 5 or did you mean for that to read “Qs = 5 + 2p”?

  2. 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.

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