Economists Use the Term Supply to Refer to

question 9

Multiple Choice

Economists use the term supply to refer to

• A)the upward-sloping line that relates consumer expenditures to different output levels.
• B)the downward-sloping line that relates consumer expenditures to different output levels.
• C)a set of price and quantity supplied combinations, everything else held equal.
• D)the amount producers are willing but not able to produce at each price.
• E)a particular quantity supplied at a specific price.

---

Definitions:

Inconvenience

A cause of trouble or difficulty that often results in discomfort or annoyance.

Apology

An expression of regret or sorrow for wrongs or offenses committed.

Justification

Providing valid reasons or evidence to support an action or decision.

Demanding Tone

A communication style that forcefully asks or directs others to fulfill certain requirements or tasks.