Supply Function - Equation Assignment Help

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Supply Function/Equation:

The supply function or equation is a mathematical expression showing a relationship between the quantity supplied of a commodity and the supply factors with commodity's market price inclusive. If all the other supply factors are held constant and allow quantity supplied to depend only on the market price of the commodity then we have:

Qs = f (P)

Where Qs is the quantity supplied and P, the market price

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