The y- axis intercept of the supply curve is 40 and the slope is 6.The equation of the supply curve is

Question

Quizplus · Accepted Answer

The equation of a line is given by $y = mx + b$, where $m$ is the slope and $b$ is the y-intercept. In the context of a supply curve, $P$ (price) corresponds to $y$, and $QS$ (quantity supplied) corresponds to $x$. Given a slope of 6 and a y-intercept of 40, the correct equation is $P = 40 + 6QS$.

The Y- Axis Intercept of the Supply Curve Is 40