The Supply of a Good or Service Is Determined by

question 10

Multiple Choice

The supply of a good or service is determined by

• A)those who buy the good or service.
• B)the government.
• C)those who sell the good or service.
• D)both those who buy and those who sell the good or service.

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Definitions:

Weighted Average Cost

A method of calculating the combined cost of goods available for sale by weighting the cost of each item by the quantity purchased.

Bonds Outstanding

The total amount of issued bonds by a corporation or government entity that have not yet been redeemed or reached their maturity date.