Author Question: The quantity supplied of a good is A) the same thing as the quantity demanded at each price. B) ... (Read 127 times)

Beheh · **on:** Jun 29, 2018

The quantity supplied of a good is

A) the same thing as the quantity demanded at each price.
B) the amount that the producers are planning to sell at a particular price during a given time period.
C) equal to the difference between the quantity available and the quantity desired by all consumers and producers.
D) the amount the firm would sell if it faced no resource constraints.

Question 2

Increasing opportunity cost while moving along a production possibilities frontier is the result of

A) taxes.
B) firms' needs to produce profits.
C) the fact that it is more difficult to use resources efficiently the more society produces.
D) the fact that resources are not equally productive in alternative uses.