$Q _ { s } = 40 + 6 P - 8 P _ { I } + 10 F$

question 62

Multiple Choice

$Q _ { s } = 40 + 6 P - 8 P _ { I } + 10 F$ where $Q _ { s }$ is the quantity supplied of the good, P is the price of the good, $P _ { I }$ is the price of an input, and F is the number of firms producing the good.
-Suppose $P _ { I }$ = $40, F = 50, and the demand function is $Q _ { d } = 700 - 6 P$ , then if government sets a price of $30 what will be the result?

• A) a shortage of 120
• B) a surplus of 120
• C) a shortage of 160
• D) a surplus of 160

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Definitions:

Decreased Complications

A reduction in the unwanted and potentially harmful secondary effects that can arise during or after medical treatment or surgery.

General Anaesthetic

A type of medication that is used to induce unconsciousness and eliminate sensation, typically used during surgery to prevent pain.

Circulatory Insufficiency

A condition where the circulatory system fails to supply adequate blood flow to tissues and organs, causing symptoms like fatigue and dizziness.