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
Correct Answer:
Verified
Correct Answer:
Verified
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