Use the following to answer question:
-(Table: Competitive Market for Good Z) Use Table: Competitive Market for Good Z.If the supply curve for good Z is linear,it can be expressed as:

Question

Use the following to answer question:

-(Table: Competitive Market for Good Z) Use Table: Competitive Market for Good Z.If the supply curve for good Z is linear,it can be expressed as:

Quizplus · Accepted Answer

Linear supply curves are typically represented by equations of the form QS = mP + b, where QS is the quantity supplied, P is the price, and m and b are constants. Choice A, QS = 3P, is a linear equation fitting this description, indicating a direct relationship between price and quantity supplied.

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