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
supply equals 30,000 units; and when the price equals $20 per unit, the
weekly supply equals 48,000 units.

Answer 1

Explanation:

the intellectual and practical activity encompassing the systematic study of the structure and behaviour of the physical and natural world through observation and experiment.