The price at which sellers are not willing to supply a good is $70 a unit.As the quantity supplied of the good increases by one unit, the minimum price at which someone is willing to sell that unit increased by $5.What is the equation of this supply curve?

Question

Quizplus · Accepted Answer

The supply curve equation is given by the relationship between price (P) and quantity supplied (QS). Since the minimum price increases by $5 for each additional unit supplied, starting from $70, the equation is P = 70 + 5QS, which matches choice E.

The Price at Which Sellers Are Not Willing to Supply