Suppose That the Supply of a Good Is Given by Q

question 20

Multiple Choice

Suppose that the supply of a good is given by Q = -50 + 5P, where Q is the quantity supplied and P is the price measured in dollars per unit. This equation indicates that the quantity supplied increases by _____ units for every dollar increase in price.

• A) 5
• B) 45
• C) 50
• D) 55

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