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    Economics Study Set 9
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    Exam 4: Economic Efficiency, Government Price Setting, and Taxes
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    If the Quantity of Sunglasses Supplied Is Represented by the Supply
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If the Quantity of Sunglasses Supplied Is Represented by the Supply

Question 7

Question 7

Multiple Choice

If the quantity of sunglasses supplied is represented by the supply equation QS = -60 + 4P, then to solve for the price of sunglasses, the equation would be rewritten as


A) P = 0.25QS + 15.
B) P = 15QS + 240.
C) P = QS - 7.5.
D) P = 12 - 0.4QS.

Correct Answer:

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