A decrease in quantity supplied a. results in a movement downward and to the left along a fixed supply curve. b. shifts the supp
ly curve to the right. c. results in a movement upward and to the right along a fixed supply curve. d. shifts the supply curve to the left.
1 answer:
Answer: Option A
Step-by-step explanation:
The supply of a product increases as the price and quantity increases and Otherwise when price and quantity decreases.
The supply curve is a simple curve that increases or decreases on the positive axis.
A decrease in quantity supplied results in a movement downward and to the left along a fixed supply curve.
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The equation of this straight line is y = 50x + 100.
<h3>What is a linear function?</h3>A linear function can be defined as a type of function whose equation is graphically represented by a straight line on the cartesian coordinate.
<h3>How to determine the equation?</h3>In order to determine the equation from this graph of a linear equation, we would find the slope of the straight line by using this formula as follows:
Slope, m = 100/2
Slope, m = 50.
Mathematically, the standard form of the equation of a straight line is given by;
y = mx + c
Where:
- x and y are the points.
- m is the slope.
- c is the intercept.
At point (4, 300), we have:
y = mx + c
300 = 50(4) + c
300 = 200 + c
c = 300 - 200
c = 100.
Therefore, the equation of this straight line is y = 50x + 100.
Read more on slope here: brainly.com/question/28312822
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