To Construct a Supply Curve, an Economist Needs Data on Price

question 308

Multiple Choice

To construct a supply curve, an economist needs data on price and quantity.Each point on the supply curve is

• A)supply of the product.
• B)a quantity supplied at that price.
• C)the amount that people want to buy.
• D)the amount people want to sell to buyers of different incomes.
• E)All of the above are correct.

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Timmons Model

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