Question
(a) What is supply? What is the Law of supply? (b) Write down an equation for a linear supply curve. Draw this curve. What
(a) What is supply? What is the Law of supply? (b) Write down an equation for a linear supply curve. Draw this curve. What can cause a shift in this curve? (c) Are the following equations for a supply curve? Explain why or why not. i. Q 205+0.25P = ii. Q=13+ iii. In P= 7+3ln Q
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
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