A supply schedule
A. shows what happens to quantity supplied when price is held constant.
B. is a table reflecting the inverse relationship between price and quantity supplied.
C. can be used to generate a supply curve.
D. all of these.
Answer: C
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Last year in a nation to the south, net domestic product at factor cost equaled $3,300 billion
Indirect taxes minus subsidies equaled $200 billion, depreciation equaled $800 billion, the statistical discrepancy equaled zero, and net operating surplus equaled $150 billion. The country's GDP was A) $2,300 billion. B) $3,500 billion. C) $4,300 billion. D) $4,450 billion. E) $4,150 billion.
Complete this sentence: in a market system income is generally earned
A) independently of acts of exchange and production. B) arbitrarily and randomly. C) unproductively. D) in the process of its creation.