Which of the following best defines supply?
a. the amount of a good that producers want to sell at a particular price
b. the amount of a good that consumers will buy
c. the amount of a good that producers are willing and able to sell at each possible price, other things constant
d. the amount of a good that producers are willing to sell at each possible price, other things constant
e. the amount of a good that producers are willing and able to buy at each possible price, other things constant
C
You might also like to view...
If the reserve ratio is .20, the money multiplier can be as high as
A. 20. B. 10. C. 5. D. 50.
Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.
Figure 18.1Refer to Figure 18.1. Suppose that the Lorenz curve were the same as the 45-degree line OB. This would mean that
A. the distribution of income is equal. B. only one family earned all the income. C. the distribution of income is completely inequitable. D. the distribution of income is perfectly equitable.