The Price at Which Sellers Are Not Willing to Supply

question 113

Multiple Choice

The price at which sellers are not willing to supply a good is $70 a unit. As the quantity supplied of the good increases by one unit, the minimum price at which someone is willing to sell that unit increased by $5. What is the equation of this supply curve?

• A)P = 70 - 5QS
• B)QS = 70 - 5P
• C)P = 5 + 70QS
• D)QS = 5 + 70P
• E)P = 70 + 5QS

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Definitions:

Normalizing

The process of making something standard, typical, or expected within a certain context or framework.

Directing

The process of guiding, commanding, or controlling a group or an individual to achieve desired goals or tasks.

Challenging

Presenting a task or problem that is difficult to solve or requiring effort to overcome.

Confrontational Responses

Refers to direct and often forceful verbal reactions aimed at challenging or opposing someone's actions or opinions.