Answer to Question #113065 in Microeconomics for Penelope

Question #113065
Given Qsx=20Px where Qsx is the quantity supplied of good x and Px is the price per unit of good x find the minimum price that will induce the supplier to start selling good x at the market
1
Expert's answer
2020-05-03T16:57:24-0400

Q=20P.

This function tells us that the supplier is willing to sell the product at any price that is greater that 0, so the minimun price will be the lower positive price.


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