The supply curve of a firm is given by the equation q-250 p-250- If the price decreases by 2 units- the quantity-A- increases by 250B- decreases by 250C- increases by 500D- decreases by 500

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Question

The supply curve of a firm is given by the equation q=250p-250. If the price decreases by 2 units, the quantity .

increases by 250

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decreases by 250

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increases by 500

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decreases by 500

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Solution

The correct option is D decreases by 500
Let q be the quantity supplied at a price of p. Suppose the price decreases by 2 units to p-2. If q' is the new quantity, then

q'=250(p-2)-250
q'=250p - 750
q'=(250p - 250) - 500
q'=q-500

Thus, the quantity decreases by 500.

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The supply curve of a firm is given by the equation q=250p-250. If the price decreases by 2 units, the quantity .

The correct option is D decreases by 500Let q be the quantity supplied at a price of p. Suppose the price decreases by 2 units to p-2. If q' is the new quantity, then q'=250(p-2)-250 q'=250p - 750 q'=(250p - 250) - 500 q'=q-500 Thus, the quantity decreases by 500.

The correct option is D decreases by 500
Let q be the quantity supplied at a price of p. Suppose the price decreases by 2 units to p-2. If q' is the new quantity, then

q'=250(p-2)-250
q'=250p - 750
q'=(250p - 250) - 500
q'=q-500

Thus, the quantity decreases by 500.