If p is the price of a good. Initial supply of goods at price 0 is 10 and supply increasing by 7 units if the price increased by 1 unit, then at what price the supply will be 24 units.
According to this scenario,
Total supply = 10+7p
Equate total supply with 24, to find the price at which the supply will be 24 units.
Therefore, the required scenario is "If p is the price of a good. Initial supply of goods at price 0 is 10 and supply increasing by 7 units if the price increased by 1 unit, then at what price the supply will be 24 units."
Least common multiple is like 10 and 20 where they can both be divided by 10, and 5 but the least common multiple is 5. Whereas least common denominator is like 4/8, 8 is a denominator but not the LEAST the least would be 1/2.