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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Definitions:

Adenine

One of the four nucleobase molecules used to form the building blocks of DNA and RNA, pairing with thymine in DNA and uracil in RNA.

Polygenic Traits

Traits that are influenced by more than one gene, resulting in a wide range of phenotypes, such as height and skin color.

Genes

The units of heredity made up of DNA that carry information responsible for the expression of traits from parents to offspring.

Twins

Two offspring produced by the same pregnancy. Twins can be identical (monozygotic) or fraternal (dizygotic).