Question: Problem 9 6 . Price - supply equation. According t o economic theory, the supply x o f a quantity i n a free market
Problem Pricesupply equation. According economic theory, the supply a quantity
a free market increases the price increases. Suppose that the number players
retail chain willing sell per week a price $ given
Find
Find the supply and the instantaneous rate change supply with respect price when
the price $ Write a brief verbal interpretation these results.
Use the results from part estimate the supply the price increased $
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