Which of the following best defines supply? a. the amount of a ...

[kshipps]

Which of the following best defines supply?
 a. the amount of a good that producers want to sell at a particular price
  b. the amount of a good that consumers will buy
  c. the amount of a good that producers are willing and able to sell at each possible price, other things constant
  d. the amount of a good that producers are willing to sell at each possible price, other things constant
  e. the amount of a good that producers are willing and able to buy at each possible price, other things constant

Question 2

A decrease in the price of peanut butter will cause a leftward shift of the supply curve of peanut butter.
 a. True
  b. False

[mathjasmine]

Answer to Question 1

C

Answer to Question 2

B

[kshipps]

Correct answers!

[mathjasmine]

Great! Please up vote