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Author Question: Which of the following best defines supply? a. the amount of a good that producers want to sell at ... (Read 79 times)

kshipps

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on: Jul 1, 2018
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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


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kshipps

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Reply #2 on: Jul 1, 2018
Correct answers!


mathjasmine

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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