What are factors that shift supply curve for this good

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Q. Inverse market demand curve for bean sprouts is given by p(y)=100-2y and total cost function for any firm in industry is given by TC(y)=4y. Marginal cost for any firm in industry is? Change in price for a one- unit increasing output is equal to?

Q. Select a good that you are familiar with. What are factors that shift demand curve for this good? What are factors that shift supply curve for this good? How do you expect supply and demand of your selected good to change in next year? Relate your expectation to price and quantity

Reference no: EM1372251

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