A given supply curve illustrates
A) the relationship between price and quantity supplied.
B) the effect of a change in resource costs on quantity supplied.
C) the effect of a change in technology on quantity supplied.
D) the relationship between expected future prices and quantity supplied.
Answer: A
Economics
You might also like to view...
With capitalism, the allocation of goods and resources is determined by
a. market forces b. centralized planning c. government policy d. traditional customs
Economics
The price of an nonrenewable resource is expected to rise at a rate equal to the
A) rate of supply. B) rate of population growth. C) rate of demand. D) interest rate.
Economics