) Given the supply function, P = 500 + 2Q, where P is the price of a bottle of a perfume,
Q is the number of litres supplied.
(a) Graph the supply function. What is the meaning of value of the vertical intercept.
(b) What is the value of Q when P = k750?
a)Supply function is;
When x intercept is zero;
When y intercept is zero;
b)Value of Q when P=K750
Supply function becomes;
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