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Supply function for pizza in ithaca

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Reference no: EM133065025

Suppose the supply function for pizza in Ithaca is given by P = 100 + Q + X - Y where P=price, Q=quantity, and X and Y are other factors that may affect demand.

Which of the following are true? (Select all that apply.)

a.X could be the cost of cheese (an ingredient used in making pizza)

b.Y could be a subsidy on flour (an ingredient used in making pizza)

c.Y could be be the price of soda

d.Y could be the wage rate for pizza chefs

e.X could be a tax

Reference no: EM133065025

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