Question

(a) An economist believes there is a linear relationship between the market
price of a particular commodity and the number of units suppliers of the
commodity are willing to bring to the marketplace. Two sample
observations indicate that when the price equals $15 per unit, the weekly
supply equals 30,000 units; and when the price equals $20 per unit, the
weekly supply equals 48,000 units.​

Answer 1

Answer:

the step by step is considered best as per the poi t