The Supply Function for Good X Is Given by Q_x^s

question 32

Multiple Choice

The supply function for good X is given by Q_x^s = 1,000 + P_X − 5P_Y − 2P_W,where P_X is the price of X,P_Y is the price of good Y,and P_W is the price of input W.If the price of input W increases by $10,then the supply of good X:

• A) will increase by 10 units.
• B) will increase by 20 units.
• C) will decrease by 10 units.
• D) None of the statements associated with this question are correct.

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