Consider the above figure. At an income of $60 we would expect saving to be equal to

The supply curve illustrates

A) the amount of a good producers plan to sell at given prices. B) the amount of a good producers need to sell at given prices. C) the corresponding demand for a good at given prices. D) the sunk costs associated with producing a scarce good.

Scarce goods are: a. desirable and unlimited in amount

b. undesirable and unlimited in amount. c. desirable and limited in amount. d. undesirable and limited in amount.