Assume the Supply Function for Good X Can Be Written

question 5

Multiple Choice

Assume the supply function for good X can be written as Qs = -100 + 27Px - 5Py - 1.8W,where Px = the price of X,Py = the price of good Y,and W = Wage index for workers in industry X.According to this equation:

• A)X and Y are substitutes in production.
• B)X and Y are complements in production.
• C)a decrease in wages would cause a decrease in the quantity supplied at each price.
• D)each one unit increase in price causes quantity supplied to increase by 73 units.

---

Definitions:

Corporate Campaign

A strategy used by labor unions to put pressure on a company by mobilizing public, financial, and political support to achieve negotiating aims.

NFL Fans

Individuals who enthusiastically follow and support National Football League teams, often showing their loyalty through attending games, watching broadcasts, and purchasing merchandise.

Intermittent Strike

A form of industrial action where employees strike for short periods of time, unpredictably, making it harder for employers to prepare alternative strategies.

Mediators

Neutral third parties who facilitate negotiations or conflict resolution between disputing parties, aiming to achieve a mutually acceptable agreement.