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femteihal
Oct 30, 2012, 12:51 PM
you are the given the demand and supply equations in the skirts market.
Qd=24000-500P and Qs=6000+1000P
two new shops that sell shirts open up in town,which of the following might be the new supply curve?Explain briefly.

femteihal
Oct 30, 2012, 12:52 PM
sorry I forgot Qs=3000+1000P Qs=9000+1000P

Curlyben
Oct 30, 2012, 02:02 PM
What do YOU think ?
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