1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kondor19780726 [428]
3 years ago
13

The supply curve represents​ ___________. A. the maximum price buyers are willing to pay to buy an extra unit of a good. B. the

minimum price buyers are willing to pay to buy an extra unit of a good. C. the minimum price sellers are willing to accept to sell an extra unit of a good. D. the maximum price sellers are willing to accept to sell an extra unit of a good.
Business
1 answer:
matrenka [14]3 years ago
8 0

Answer:

The answer is: C) The minimum price sellers are willing to accept to sell an extra unit of a good.

Explanation:

A normal supply curve should move upward from left to right. The expresses the Law of Supply: (given that all other factors remain without change) As the price of a product increases, the quantity supplied should also increase.

For example:

An ounce of gold costs right now $1,500 and 100 ounces of gold are being traded right now at that price. If a new buyer comes in and wants to buy the 101th ounce of gold, then following a normal supply curve, the new buyer would need to pay more for that extra ounce of gold, maybe $1,510.

What the supply curve shows us is that given a certain price Y, a company will be willing to sell X amount of goods.  The more demand a product has (X + 1) > X, then the price Y will increase until a new balance is found.

You might be interested in
Even though Carol shows sociability aggression apathy , she lacks responsibility self-esteem honesty
Blizzard [7]
Sounds like she needs a meeting with her supervisor and hr director. Any privilege of being paid comes with responsibility to the job role and team members, where she'll be held accountable for her deliverables by her boss.
8 0
3 years ago
The range of an area where users can access the Internet via high-frequency radio signals transmitting an Internet signal from a
defon

A) hotspot

Bluetooth is for short distance and pan is Personal area networks (PANs) connect an individual's personal devices

6 0
2 years ago
Read 2 more answers
Teach a Lesson: Explore Moral Dilemmas What are the components of a lesson?
dusya [7]
<span>Objective, Introduction, Instruction, Practice, and Conclusion</span>
4 0
3 years ago
Read 2 more answers
Say's law says that
Nutka1998 [239]

Answer:

The answer is : People consume the goods  they produce

Explanation:

Say's law could also be refereed to as  Say's law of markets in Classical economics states that supply itself creates its own demand which is equivalent to people consuming what they produce.

3 0
3 years ago
15 points and ill award brainliest to the right answer.
slamgirl [31]
<span>A public in-state college charges less for in-state tuition than for out-of-state tuition.
</span>Tara will most likely have to pay room and board expenses at an out-of-state public college, but might be able to commute to a public college in state.
8 0
3 years ago
Read 2 more answers
Other questions:
  • What are the factors used to measure the "multinationality" of a company? Multiple Choice
    5·1 answer
  • Countries with democratic regimes, market-based economic policies, and strong protection of property rights are more likely to a
    9·1 answer
  • The table shown below gives the short-run total cost function Noel’s window cleaning firm. This firm competes in a perfectly com
    12·1 answer
  • A July sales forecast projects that 7,300 units are going to be sold at a price of $11.80 per unit. The management forecasts 15%
    8·1 answer
  • You own a stock portfolio invested 25 percent in Stock Q, 25 percent in Stock R, 15 percent in Stock S, and 35 percent in Stock
    12·1 answer
  • A firm will not shut down in the longminus?run as long as the firms? revenue:
    10·1 answer
  • Someone who is young, lacks funds, and really wants to gain technical skills while serving his or her nation should consider
    10·1 answer
  • TopChop sells hairstyling franchises. TopChop receives $62,000 from a new franchisee for providing initial training, equipment,
    7·1 answer
  • Glenn is an accountant who races stock cars as a hobby. This year Glenn was paid a salary of $83,000 from his employer and won $
    9·1 answer
  • Assembling project team and assigning their responsibilities are done during which phase of a project management?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!