Economics (AS & A Level) · Feb / March 2023 · Paper 12 · Question 5
A supply curve is represented by the equation quantity supplied = 10 + 5P where P = the price of the product. Which price rise would cause the quantity supplied to double?
- A$1 to $2
- B$1 to $3
- C$1 to $4
- D$1 to $5
As printed in the paper
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Correct answer: C. $1 to $4
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