Which of the following statements is false?

A) A change in the price of good X will usually change the quantity supplied of good X, ceteris paribus.
B) A change in the number of sellers of a good can change the supply of that good.
C) Price and quantity supplied are directly related.
D) A vertical supply curve represents a direct relationship between price and quantity supplied.

D

Economics

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Money is considered to be a factor of production.

a. true b. false

Economics

Having insatiable wants is similar to saying that

a. people should not be so greedy b. more is always better c. total satisfaction is obtainable d. resources are scarce e. limits are surmountable

Economics