The quantity supplied of a good is the amount that
a. buyers are willing and able to purchase.
b. sellers are able to produce.
c. buyers and sellers agree will be brought to market.
d. sellers are willing and able to sell.
d
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The long-run supply curve for a firm in a perfectly competitive industry is:
A) negatively sloped. B) positively sloped. C) vertical. D) horizontal.
A Fed purchase of gold, SDRs, a deposit denominated in a foreign currency or any other asset is just an open market ________ of these assets, ________ the monetary base
A) purchase; raising B) sale; raising C) purchase; lowering D) sale; lowering
Which of the following graphs or charts must add up to one hundred percent?
a. a labor graph b. a pie chart c. a time-series graph d. a scatter diagram
In a perfectly competitive labor market, the market labor supply curve
a. will be horizontal b. will be vertical c. will be upward sloping d. will be downward sloping e. could be downward sloping if firms produce inferior goods