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
2 thoughts on “Econ 101 – Homework #2”
Q7 on homework:
formula for Qs: is that a negative 5 or did you mean for that to read “Qs = 5 + 2p”?
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.