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Use the Following General Linear Supply Function: Where

Question 44

Multiple Choice

Use the following general linear supply function: Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.Suppose = $40,F = 50,and the demand function is ,then if government sets a price of $50 what will be the result? A) a shortage of 120 B) a surplus of 120 C) a shortage of 160 D) a surplus of 160 where Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.Suppose = $40,F = 50,and the demand function is ,then if government sets a price of $50 what will be the result? A) a shortage of 120 B) a surplus of 120 C) a shortage of 160 D) a surplus of 160 is the quantity supplied of the good,P is the price of the good, Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.Suppose = $40,F = 50,and the demand function is ,then if government sets a price of $50 what will be the result? A) a shortage of 120 B) a surplus of 120 C) a shortage of 160 D) a surplus of 160 is the price of an input,and F is the number of firms producing the good.Suppose Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.Suppose = $40,F = 50,and the demand function is ,then if government sets a price of $50 what will be the result? A) a shortage of 120 B) a surplus of 120 C) a shortage of 160 D) a surplus of 160 = $40,F = 50,and the demand function is Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.Suppose = $40,F = 50,and the demand function is ,then if government sets a price of $50 what will be the result? A) a shortage of 120 B) a surplus of 120 C) a shortage of 160 D) a surplus of 160 ,then if government sets a price of $50 what will be the result?


A) a shortage of 120
B) a surplus of 120
C) a shortage of 160
D) a surplus of 160

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