S(P)= 1/2p+40 D(P) = 220 - P
The quantity of a product supplied and the quantity of
he product demanded in an economic market are
functions of the price of the product. The functions
above are the estimated supply and demand functions for
a certain product. The function S(P) gives the quantity
of the product supplied to the market when the price is
P dollars, and the function D(P) gives the quantity of
the product demanded by the market when the price is
P dollars.
How will the quantity of the product supplied to the
market change if the price of the product is increased
by $10?