Question: 1. 2.2 Given an estimated supply function for dairy cows milk production in Jordan, lnQm = 1.304 + 0.564lnPm + 1.754lnQc - 0.241lnPc- 0.885lnCv, determine

1. 2.2 Given an estimated supply function for dairy cows milk production in Jordan, lnQm = 1.304 + 0.564lnPm

+ 1.754lnQc - 0.241lnPc- 0.885lnCv, determine how much the supply curve shifts if the price of a dairy cow, PC

, decreases from JOD2,150 to JOD1,750. M

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