Figure: Supply Curve Refer to the Figure

question 67

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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Definitions:

Impulse

A sudden urge or desire to act or do something without premeditation.

Restraint

The act of limiting, controlling, or restricting someone's actions or behavior, either physically or through other means.

Unconscious

A part of the mind that contains thoughts, memories, and desires not currently in the realm of conscious awareness but influence behaviors and emotions.

Freud

Sigmund Freud was an Austrian neurologist best known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.