Suppose that a severe frost in Florida raises the price of lemons and thus the cost of making lemonade. In response to the increase in cost, producers reduce the quantity supplied of lemonade by *400* pints at every price. What is the new equation for the supply of lemonade (denoted *Q*^{S}_{2})?
]]>Q^{S}_{2} = 40P - 400
]]>Q^{S} = 40P. Now, with *400* fewer units being brought to market at each price, we must subtract *400* from the original quantity supplied. So, *Q*^{S}_{2} = 40P – 400. For further review see section “Supply.”
]]>Q^{S}_{2} = 40P + 400
]]>Q^{S} = 40P. Now, with *400* fewer units being brought to market at each price, we must subtract *400* from the original quantity supplied. So, *Q*^{S}_{2} = 40P – 400. For further review see section “Supply.”
]]>Q^{S}_{2} = -360P
]]>Q^{S} = 40P. Now, with *400* fewer units being brought to market at each price, we must subtract *400* from the original quantity supplied. So, *Q*^{S}_{2} = 40P – 400. For further review see section “Supply.”
]]>Q^{S}_{2} = 0.1P
]]>Q^{S} = 40P. Now, with *400* fewer units being brought to market at each price, we must subtract *400* from the original quantity supplied. So, *Q*^{S}_{2} = 40P – 400. For further review see section “Supply.”
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