When price increases, quantity supplied:
1 answer:
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The first thing you should do is graph the following lines
2x + 3y = 8
x-2y = -3
x = 0
y = 0
After you have graphed them, you should proceed to evaluate points in the xy plane that meet the following restrictions:
2x + 3y≤8, x-2y≥-3, x≥0, y≥0
The resulting region is the region "R" shown in the attached graph.
2x + 3y = 8
x-2y = -3
x = 0
y = 0
After you have graphed them, you should proceed to evaluate points in the xy plane that meet the following restrictions:
2x + 3y≤8, x-2y≥-3, x≥0, y≥0
The resulting region is the region "R" shown in the attached graph.