IDNLearn.com provides a comprehensive platform for finding accurate answers. Discover prompt and accurate responses from our experts, ensuring you get the information you need quickly.
Suppose that the supply function for a commodity is given by the equation: p = q² + 2q + 20. (a) If the price is $595, how many units will be supplied?
(b) Suppose that 15 units are demanded at a price of $595. Using your answer to part a, would such a price result in a shortage or surplus? Explain your answer in a complete sentence.
Sagot :
Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.
