Suppose That Initially, Supply Is Given by the Equation Qs

question 134

Multiple Choice

Suppose that initially, supply is given by the equation Qs = 4P − 16. If, as a result of higher production costs, the quantity supplied decreases by 4 at every price, the new supply equation would be:

• A) Qs = 8P − 16.
• B) Qs = P − 16.
• C) Qs = 4P − 20.
• D) Qs = 4P − 12.

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