# Finding Supply function/equation

For a certain commodity, the demand equation is given by

D = -5p + 50.

At a price of $1, twelve units of the commodity are supplied. If the supply equation is linear, and the market price is $4, find

the supply equation.

© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/economics/microeconomics/finding-supply-function-equation-7gvl#### Solution Preview

...the supply curve (linear),

Supply at a price of $4 is 30 units

Supply at a price of $1 is 12 units

If we plot price on y axis and quantity on x axis, slope ...