Derive the supply schedule from the following supply functio

Derive the supply schedule from the following supply function: QS = 10P Derive the supply schedule from the following supply function: QS\' = 20 + 10P

Solution

Supply function is a mathematical function explaining the quantity supplied in terms of its vatious determinants ,including price thus the algebraic representation of the supply curve.

In economics it is used to show how much of certain good. It\'s used in conjuction with what is called the demand function to determine equilibrium pricing for different market.

Because QS=10P

and QS=20+10P

The Supply Schedul is

Price= 10 ,08 ,06 ,04 ,02 ,0

Q = 20 ,18 ,16 ,14 , 12 10