Use the following to answer questions :
-(Table: Competitive Market for Good Z) Look at the 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 questions :

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

Quizplus · Accepted Answer

A linear supply curve can be expressed in the form Q_s = mP + b. Given the choice A, Q_s = 3P, it represents a linear relationship where the quantity supplied increases by 3 units for every 1 unit increase in price, which is a typical form for a linear supply curve.

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