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When a Supply Curve Is Constructed, Data Are Required for Price

Question 63

Multiple Choice

When a supply curve is constructed, data are required for price and quantity.Each point on the supply curve is


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

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