Multiple Choice
The supply curve for CDs shows the
A) minimum price that consumers are willing to pay if a given quantity of CDs is available.
B) maximum price that consumers are willing to pay if a given quantity of CDs is available.
C) maximum price that producers must be offered to get them to produce a given quantity of CDs.
D) minimum price that producers must be offered to get them to produce a given quantity of CDs.
Correct Answer:
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