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Assume a supply equation: Q = 0.1p- 0.02p; + 0.01N + 0.01T - 0.1w where: p = own price p; = price of an input

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Assume a supply equation: Q = 0.1p- 0.02p; + 0.01N + 0.01T - 0.1w where: p = own price p; = price of an input = $150 Q = quantity supplied N = number of firms = 500 (thousands of units) T = index of technology = 800 w = wage rate = $100 The quantity supplied as a function of the price can be written: Q = If the price of the good is $18, what would be the quantity supplied? thousand units. (enter a real number rounded to one decimal place)

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