Which of the Following Is NOT True of a Supply

question 137

Multiple Choice

Which of the following is NOT true of a supply curve?

• A) It relates the price of an item to the quantity supplied of that item.
• B) It shows the amount producers are willing and able to produce at various prices,holding other factors constant.
• C) It has a positive slope.
• D) It shows that producers tend to produce more of a good as its price rises.
• E) It relates the price of an item to the demand for that item.

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Definitions:

Rental Contract

A legal agreement between a landlord and tenant detailing the terms and conditions for renting property or equipment.

Invoice

A document issued by a seller to a buyer that lists items or services provided, their prices, and the total amount payable, often serving as a request for payment.

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Accounts Receivable

Money owed to a business by its customers from sales or services rendered on credit.