The Quantity Supplied Is The

question 35

Multiple Choice

The quantity supplied is the:

• A) amount of inputs that a firm earns profit on.
• B) change in the sellers' output multiplied by the change in price.
• C) incremental cost of producing one more unit of output, holding all other things constant.
• D) amount of a good that firms are willing and able to sell at a particular price during a given period of time.

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Definitions:

Toxic Substances Control Act

A United States law enacted in 1976 designed to regulate the introduction of new or already existing chemicals.

Agricultural Chemicals

Substances used in farming to enhance growth and productivity, including fertilizers, herbicides, and pesticides.

EPA

The Environmental Protection Agency, a U.S. federal agency responsible for protecting human health and the environment by writing and enforcing regulations based on laws passed by Congress.

Underground Storage Tanks

Tanks and any underground piping connected to the tanks that are used to store substances such as petroleum and hazardous substances underground.