Which of the following is assumed constant along a given supply curve for pistachio ice cream?
A) the price of pistachios and the price of pistachio ice cream
B) the price of pistachio ice cream and the price of alternate flavors of ice cream
C) the prices of alternate goods,but not the prices of inputs
D) all variables affecting supply other than the productive capacity of the industry
E) all variables affecting supply other than the price of pistachio ice cream

Question

Quizplus · Accepted Answer

Along a given supply curve, the only variable assumed constant is the price of the good in question, which in this case is pistachio ice cream. Therefore, all variables affecting supply other than the price of pistachio ice cream, including the prices of inputs, alternate goods, and other factors, must be assumed constant.

Which of the Following Is Assumed Constant Along a Given