supply function indicates the number of units of a commodity that suppliers are
willing to bring to the marketplace as a function of the price consumers are willing to pay. The following function is the supply function 9s = 0.5p2 – 200 where qs equal
no. of units supplied (stated in thousands) and p equals the selling price. a. What class of function is this? b. What quantity would be supplied if the market price is $30? $50? c. What price would result in 0 units being brought to the marketplace?
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