The supply function for a pack of four Never Die Batteries is QS = (0)+ (6 million × P). If the price of a package of four Never Die Batteries increases by $1, how will this change the quantity supplied?

Question

Quizplus · Accepted Answer

According to the supply function provided, the quantity supplied (QS) is directly proportional to the price (P) by a factor of 6 million. Therefore, a $1 increase in price would lead to an increase in quantity supplied by 6 million.

The Supply Function for a Pack of Four Never Die