A common misconception about supply is that
a. supply depends on many other variables.
b. price is a major determinant of quantity.
c. it is a fixed amount.
d. quantity cannot be determined in advance.
e. All of the above are correct.
c
Economics
You might also like to view...
Campaign speeches normally include normative economic statements
a. True b. False Indicate whether the statement is true or false
Economics
If a government imposes high enough tariffs, one result will be that
A) foreign producers will be able to sell more goods. B) domestic producers will face no foreign competition. C) consumers will benefit from lower prices. D) markets will become more globalized.
Economics