The Distinction Between Supply and the Quantity Supplied Is Best

question 135

Multiple Choice

The distinction between supply and the quantity supplied is best made by saying that:

• A) the quantity supplied is represented graphically by a curve and supply as a point on that curve.
• B) supply is represented graphically by a curve and quantity supplied as a point on that curve.
• C) the quantity supplied is in a direct relation with prices, whereas supply is in an inverse relation.
• D) the quantity supplied is in an inverse relation with prices, whereas supply is in a direct relation.

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Definitions:

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