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    Economics Principles and Policy Study Set 1
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    Exam 4: Supply and Demand: an Initial Look
  5. Question
    A Common Misconception About Supply Is That
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A Common Misconception About Supply Is That

Question 221

Question 221

Multiple Choice

A common misconception about supply is that


A) supply depends on many other variables.
B) price is a major determinant of quantity.
C) it is a fixed amount.
D) quantity cannot be determined in advance.
E) All of the above are correct.

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