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The Supply Function for Good X Is Given by Qxs

Question 32

Multiple Choice

The supply function for good X is given by Qxs = 1,000 + PX − 5PY − 2PW,where PX is the price of X,PY is the price of good Y,and PW 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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