Mathematics 1 Deneme Sınavı Sorusu #1357129

Suppose that the olive oil firm Zeytindali supplies 300 bottles onto the market when the price is 100 TL They provide 500 bottles when the price goes upto 150 TL. What is the slope of the supply function? 


1/2

-1/2

1

1/4

-1/4


Yanıt Açıklaması:

The slope of the demand function is

If x denotes the quantity of supply, and p is the price then we can
write (x1, p1)=(300,100) and (x2,p2)=(500,150). So, the slope is equal to 50/200=1/4.

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