We can find the market supply for phones by: a. multiplying the number of sellers by the number of phones each is willing to sell. b. adding the individual supply curves for phones.c. adding all of the prices at which sellers are willing to sell phones. d. adding the number of phones buyers want to buy at each price level.
We can find the market supply for phones by: a. multiplying the number of sellers by the number of phones each is willing to sell. b. adding the individual supply curves for phones.c. adding all of the prices at which sellers are willing to sell phones. d. adding the number of phones buyers want to buy at each price level.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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We can find the market supply for phones by:
a. multiplying the number of sellers by the number of phones each is willing to sell.
b. adding the individual supply
c. adding all of the prices at which sellers are willing to sell phones.
d. adding the number of phones buyers want to buy at each
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