A Key Assumption Made When a Supply Schedule Is Constructed

question 56

Multiple Choice

A key assumption made when a supply schedule is constructed is that

• A)the only factors that matter in determining supply are price and quantity.
• B)firms only want to sell a certain amount of a product.
• C)supply is too important to be left to the marketplace.
• D)only price and quantity vary, all other determinants of supply are held constant.
• E)demand has a positive slope.

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The process by which individuals grow and develop physically, emotionally, and intellectually over time, largely as a result of genetic programming.

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