If a Supply Curve Goes Through the Point P =

question 12

Multiple Choice

If a supply curve goes through the point P = $10 and = 320,then

• A)$10 is the highest price that will induce firms to supply 320 units.
• B)$10 is the lowest price that will induce firms to supply 320 units.
• C)at a price higher than $10 there will be a surplus.
• D)at a price lower than $10 there will be a shortage.
• E)both c and d

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Definitions:

Advocates

Individuals or groups that actively support or recommend a particular cause or policy.

Incarceration

The condition of being held in a prison or jail as a lawful penalty for committing a crime.

Durkheim

A French sociologist, Émile Durkheim, is one of the founding fathers of sociology, known for his studies on social integration, religion, and the theory of social facts.

Deviance

Behaviors or actions that violate social norms, ranging from minor infractions to serious crimes, and often resulting in social disapproval.