Assume a firm's short-run cost function is given by the following expression:

C(q)=5+2q^2

Which of the following statements is true:

a) A 1% increase in the price will increase the firm's quantity supplied by less than 1%

b) A 1% increase in the price will increase the firm's quantity supplied by more than 1%

c) A 1% increase in the price will increase the firm's quantity supplied by 1%

d) The resulting percentage change in the quantity supplied depends on the initial price