The market supply curve for any product:
a. always depends on the market demand for that product.
b. depends on the general income level of the consumers in the market.
c. is a summation of individual firms' supply curves.
d. equals the total revenue generated through sale of the commodity.
e. is affected by the prices of related products.
c
You might also like to view...
Increases in longevity may contribute to the greater productivity of older creative individuals by allowing them more:
The above figure shows the market for finish carpenters in Bozeman. If there is a minimum wage set at $18, which of the following statements is true?
A) Firms' surplus increases with the minimum wage. B) Workers who retain their jobs have their wages rise. C) The market is efficient. D) The quantity supplied of workers is less that quantity demanded. E) Unemployment decreases because firms employ their workers more carefully.