APFIVE Linear Supply Function Interpretation
For the supply function $$Q_s = 2 + 3P$$, what is the change in the quantity supplied when the price increases by $1?
A
The quantity supplied decreases by 3 units for every $1 increase in price.
B
There is no change in the quantity supplied with a change in price.
C
The quantity supplied increases by 3 units for every $1 increase in price.
D
The quantity supplied increases by 2 units for every $1 increase in price.
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