Which of the Following Statements About the Supply Curve Is

question 209

Multiple Choice

Which of the following statements about the supply curve is TRUE?

• A) As the price of a good rises, it becomes profitable to sell the higher-cost good.
• B) As the price of a good rises, it becomes profitable to sell only the lower-cost good.
• C) All sellers are willing to sell a good only when the price is very high.
• D) All sellers are able to sell a good only when the price is very low.

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Definitions:

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