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Econ 101 – Homework #2

September 1, 2009
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2 Comments leave one →
  1. Diane Green permalink
    September 5, 2009 9:15 pm

    Q7 on homework:

    formula for Qs: is that a negative 5 or did you mean for that to read “Qs = 5 + 2p”?

  2. September 6, 2009 10:50 am

    Diane-

    Indeed, it is negative 5. The supply curve may look a little different if you plot it, but it still maintains the law of supply where as price rises, the quantity supplied increases.

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