Here is the more information about the market for onions in Vancouver .
Price per unit- 5,8,11,14,17etc
Quantity supplied-7,16,25,34,43etc
*Find the equation for the supply curve .
*What is the quality supplied when price =16?
* What is the cost of producing quantity supplied = 10 ?
Coordinates=(7,5), (16,8), (25,11), (34,14), (43,17)
Use any two coordinates to find the Slope
Form of a straight line= Y=X+mX
Where; m= Slope
X= Quantity supplied
Y= Price
Using the Slope
Assume a coordinate with (X,Y) and use it with any of the above coordinates
3Y-24=X-16
3Y=X+8
Quantity supplied at price 16
Cost of producing quantity supplied=
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