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You are a manager in the market of providing doggie daycare. Here are the demand function and supply function in your market: QDemanded = 240
You are a manager in the market of providing doggie daycare. Here are the demand function and supply function in your market: QDemanded = 240 - 4*P + .6*M where M is income in your market and it is $60,000 (but just enters as "60" as you've been doing all semester) QSupplied = 28 + 2*P - (.25)*(PInput) where PInput is the price of your labor in your market and it's $40
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