Homework Answers
| Year |  |
 |
|---|---|---|
| 1 | - | 20 |
| 2 | 140 | 30 |
| 3 | 135 | 40 |
| 4 | 130 | 50 |
| 5 | 125 |
Refer for calculation below
In the given case the quantity supplied is influenced by the price of previous year. The quantity supplied is given by
Year 1 price = 20,
Year 2, price = 30
3rd year quantity supplied,
Year 3, price = 40
4th year quantity supplied,
Year 4, price = 50
5th year quantity supplied,
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