Question

Supply is best defined as the measure of how much producers are willing and able to sell

A) above the market-clearing price.

B)at any one price in a given period of time.
C) at all possible prices.
D)according to their resources and profit motives. ( its D or B)

2) The Law of Supply (movement along the curve due to the price effect) occurs because
A) producers usually offer more for sale at lower prices than at higher
B)marginal production costs usually fall at higher rates of production.
C) people can buy only so much of a product.
D)None of the above
( its B)

Answer 1

3)Soybeans are an important ingredient in making tofu. So, if the price of soybeans suddenly increased

A)more tofu would be supplied at all possible prices.

B)the supply curve of tofu would shift to the left.

C)tofu producers would earn more profit.

D)None of the above.
( its B)

Answer 2

Higher prices allow businesses to increase production. This occurs because
A) most producers are monopolies.
B) the price effect doesn't work with supply
C) marginal production costs usually rise when businesses increase their rates of production.
D)
higher prices can eliminate the scarcity of most products.( its C)

Answer 3

Can someone tell me if this are wrong ,

Answer 4

the first one is c