Answer to Question #273309 in Microeconomics for Catherine

Question #273309

Assuming the supply function is given as: Qs=+5P Determine the quantity

supplied of fish in kilos at a given prices

Price of Fish (per Kilo) Supply (in kilos)

P 20

40

60

80

100

Illustration:

Given:

Required:

Solution:

Expert's answer

solved in Excel:

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