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The Price at Which Sellers Are Not Willing to Supply

Question 51

Multiple Choice

The price at which sellers are not willing to supply a good is $700 per unit.If the supply curve passes through the point 3,718) , what is the equation of the supply curve?


A) P = 718 + 3QS
B) P = 700 + 6QS
C) QS = 718 + 3P
D) QS = 700 - 6P
E) QS = 718 - 6P

Correct Answer:

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