A producer’s supply function is given by the equation: where Qs s 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. If the...


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





where Qs s 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.


If the price of aluminum rises, what happens to the steel producer’s supply curve? The supply curve:


A. shifts to the left.


B. shifts to the right.


C. remains unchanged.



Nov 28, 2021
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