The quantity supplied of a good isA) equal to the difference between the quantity available and the quantity desired by all consumers and producers.B) the same thing as the quantity demanded at each price.C) the amount that the producers are planning to sell at a particular price during a given time period.D) the amount the firm would sell if it faced no resource constraints.
The quantity supplied of a good isA) equal to the difference between the quantity available and the quantity desired by all consumers and producers.B) the same thing as the quantity demanded at each price.C) the amount that the producers are planning to sell at a particular price during a given time period.D) the amount the firm would sell if it faced no resource constraints.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The quantity supplied of a good is
A) equal to the difference between the quantity available and the quantity desired by all consumers and producers.
B) the same thing as the quantity demanded at each
C) the amount that the producers are planning to sell at a particular price during a given time period.
D) the amount the firm would sell if it faced no resource constraints.
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