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a supply fuction indicates the number of units of a commodity that suppliers are willing to bring to the market place as a function of
a supply fuction indicates the number of units of a commodity that suppliers are willing to bring to the market place as a function of the price consumers are wiling to pay. the following function is a supply function
q0=0.5p2-200
where q0 equals number of units supplied(stated in thousands) p equals the selling price.
what class of function is this?
what quantity would be supplied if market price is $30?$50?
what price would result in 0 units being brought to the market place?
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