Examlex
Use the following graph to create an algebra model for the function.
Supply
The total amount of a product or service that is available to consumers in the market.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantified as the percentage change in quantity demanded divided by the percentage change in price.
Demand
The amount of a product or service that buyers are ready and capable of buying at different price levels over a specific time frame.
Supply Curve
A graph showing the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell.
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