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Question 31

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Use the following to answer question:
Figure 3.11 Use the following to answer question: Figure 3.11   -(Figure 3.11)  The supply equation in the adult magazine market is given by Q<sup>S</sup> = 2P - 4, where P is the price per magazine and Q measures the number of magazines in thousands. Which supply curve reflects a government quota of 6,000 magazines? A)  panel (a)  B)  panel (b)  C)  panel (c)  D)  panel (d)
-(Figure 3.11) The supply equation in the adult magazine market is given by QS = 2P - 4, where P is the price per magazine and Q measures the number of magazines in thousands. Which supply curve reflects a government quota of 6,000 magazines?


A) panel (a)
B) panel (b)
C) panel (c)
D) panel (d)

Correct Answer:

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