Suppose the Yearly Supply Function for Paintings from an Artist

question 43

Essay

Suppose the yearly supply function for paintings from an artist is p = 3000x.
(a)How many paintings per year will be supplied if the price is $21,000 per painting?
(b)How many paintings per year will be supplied if the price is $51,000 per painting?
(c)How does the amount supplied change as the price increases?

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Definitions:

Acute Stressors

Short-term events or situations that require immediate attention and can lead to stress responses in individuals.

Single Occurrence

An event or circumstance that happens only once, not part of a series or repeated pattern.

Persist

Refers to continuing steadily or firmly in a course of action in spite of difficulty or opposition.

Subconscious

The part of the mind that is not currently in focal awareness but influences feelings and behaviors.