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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, ______
  • a)
    quantity increases by 250
  • b)
    quantity decreases by 250
  • c)
    quantity increases by 500
  • d)
    quantity decreases by 500
Correct answer is option 'D'. Can you explain this answer?
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The supply curve of a firm is given by the equationq=250p−250. I...
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The supply curve of a firm is given by the equationq=250p−250. I...
Q=250p-25
P=250•2 -25
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The supply curve of a firm is given by the equationq=250p−250. If the price decreases by 2 units, ______a)quantity increases by 250b)quantity decreases by 250c)quantity increases by 500d)quantity decreases by 500Correct answer is option 'D'. Can you explain this answer?
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