price per ecobit : 5, 10, 15, 20, 25, 30, 35, 40
Supply schedule for ecobits
price per ecobit : 5, 10, 15, 20, 25, 30, 35, 40
quantity supplied in thousands: 100,150,200,250,300,350,400,450
question #1
if the price of ecobits moves from 15 to 20, what happens to the quantity of ecobits supplied? why?
question #2
if the price of ecobits moves from 25 to 20, what happens to the quantity of ecobits supplied? why?
Answers: 3
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Supply schedule for ecobits
price per ecobit : 5, 10, 15, 20, 25, 30, 35, 40
price per ecobit : 5, 10, 15, 20, 25, 30, 35, 40
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