Question
The individual supply curves of two firms are
q1=p−2, p≥3q2=12(p−3), p≥4
The market supply curve is given by
q1=p−2, p≥3q2=12(p−3), p≥4
The market supply curve is given by
Answer: Option D
:
D
The individual supply curves of the two firms are
q1=p−2,p≥3q2=12(p−4),p≥5
p<3⇒q=03≤p<5⇒q=q1p≥5⇒q=q1+q2
All options are correct.
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:
D
The individual supply curves of the two firms are
q1=p−2,p≥3q2=12(p−4),p≥5
p<3⇒q=03≤p<5⇒q=q1p≥5⇒q=q1+q2
All options are correct.
Was this answer helpful ?
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