Figure: Supply Curve Refer to the Figure

question 97

Multiple Choice

Figure: Supply Curve Refer to the figure. A vertical reading of the figure indicates that:

• A) at a price higher than $40, the quantity supplied drops to zero.
• B) at prices of $40 or less, suppliers are willing to sell at least 500 units
• C) at a price of $40 per unit, suppliers are willing and able to sell 500 units.
• D) at a price lower than $40, the quantity supplied drops to zero.

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