The distinction between supply and the quantity supplied is best made by saying that - 6105

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Request Description

3) The distinction between supply and the quantity supplied is best made by saying that

 

A.

the quantity supplied is represented graphically by a curve and supply as a point on that curve associated with a particular price

 

B.

supply is represented graphically by a curve and the quantity supplied as a point on that curve associated with a particular price

 

C.

the quantity supplied is in direct relation with prices, whereas supply is in inverse relation

 

D.

the quantity supplied is in inverse relation with prices, whereas supply is in direct relation

Solution Description

The ans