Suppose that is the price per unit (in dollars) of widgets which will induce producers to supply q thousand widgets to the market, and suppose that is the price per unit at which consumers will buy q thousand units. Which is larger, S(150) or S(100)?

Question

Suppose that  is the price per unit (in dollars) of widgets which will induce producers to supply q thousand widgets to the market, and suppose that  is the price per unit at which consumers will buy q thousand units. Which is larger, S(150) or S(100)?

Quizplus · Accepted Answer

The Answer of Suppose that  is the price per unit (in dollars) of widgets which will induce producers to supply q thousand widgets to the market, and suppose that  is the price per unit at which consumers will buy q thousand units. Which is larger, S(150) or S(100)?

Suppose That Is the Price Per Unit (In Dollars)