Consider the supply function Q=f(P)=cP+d. A shock that reduces the qunatity supplied by an equal amount of every price can be represented by adjusting which parameter? a. P  b. Q c. d d. c

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.7: More On Inequalities
Problem 44E
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Consider the supply function Q=f(P)=cP+d. A shock that reduces the qunatity supplied by an equal amount of every price can be represented by adjusting which parameter?

a. P 

b. Q

c. d

d. c

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