If the unit price of aluminum is 10 , the slope of the supply curve is closest

Question:

If the unit price of aluminum is 10 , the slope of the supply curve is closest to:

A. 0.04 .

B. 1.30 .

C. 26.00 .

A producer's supply function is given by the equation:

\[
Q_{s}^{s}=-55+26 P_{s}+1.3 P_{a}
\]

where Qss is the quantity of steel supplied by the market, Ps is the per-unit price of steel, and Pa is the per-unit price of aluminum.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

Question Posted: