Which of the following statements is false?
A) A change in the price of good X will usually change the quantity supplied of good X,ceteris paribus.
B) A change in the number of sellers of a good can change the supply of that good.
C) Price and quantity supplied are directly related.
D) A vertical supply curve represents a direct relationship between price and quantity supplied.
Correct Answer:
Verified
Q142: If the demand for a good rises
Q143: One point on a market supply curve
Q144: If a demand curve shifts rightward,this means
A)
Q145: Labor is a resource that is necessary
Q146: Which of the following statements is false?
A)
Q148: A vertical supply curve represents:
A) an inverse
Q149: One reads the following in a newspaper:
Q150: If a supply curve shifts rightward,this means
A)
Q151: A change in price will lead to
Q152: An economist says,"Technological advances have the power
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