Author Question: A supply curve shows the relation between the quantity of a good supplied and A) income. Usually ... (Read 87 times)

eruditmonkey@yahoo.com · **on:** Jun 29, 2018

A supply curve shows the relation between the quantity of a good supplied and

A) income. Usually a supply curve has negative slope.
B) income. Usually a supply curve has positive slope.
C) the price of the good. Usually a supply curve has negative slope.
D) the price of the good. Usually a supply curve has positive slope.

Question 2

When the benefits of producing a good or service spill over to other people, rather than just the buyer, the spillover is referred to as

A) an external benefit.
B) an external cost.
C) a marginal cost.
D) an equilibrium social output.
E) a Coasian good.