A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2013 · Q91 Mark
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
✓ Correct answer
C: $1 to $4
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