If a Supply Curve Goes Through the Point P = $Q _ { 5 }$

question 18

Multiple Choice

If a supply curve goes through the point P = $10 and $Q _ { 5 }$ = 320,then

• A)$10 is the highest price that will induce firms to supply 320 units.
• B)$10 is the lowest price that will induce firms to supply 320 units.
• C)at a price higher than $10 there will be a surplus.
• D)at a price lower than $10 there will be a shortage.
• E)both c and d

---

Definitions:

Independent Projects

Independent projects are tasks or initiatives undertaken without the direct oversight or involvement of a larger organization, allowing for autonomy and self-direction.

Traditional Duties

Responsibilities or tasks that are traditionally assigned based on cultural, societal, or historical norms.

Developing People

The process of enhancing an individual's skills, knowledge, and competencies, often a key focus in leadership and human resources.

Range of Skills

The variety and breadth of abilities that a person or group possesses, encompassing everything from technical to interpersonal competencies.