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

question 67

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.

---

Definitions:

Conclusive Description

Definitive or decisive description that leaves no room for doubt or questions.

Nutrients

Materials that supply the necessary nutrients for the development and sustenance of living organisms.

Inheritance

Transmission of DNA to offspring.

Reproduction

The biological process by which new individual organisms are produced from their parents.