Join Examsbook
Answer : 2. "Price (cost) curve"
Name the function that represents the number of products a seller is willing to sell at a given price level.
5Q:
Name the function that represents the number of products a seller is willing to sell at a given price level.
- 1demand curvefalse
- 2Price (cost) curvetrue
- 3supply curvefalse
- 4none of thesefalse
- Show AnswerHide Answer
- Workspace
Answer : 2. "Price (cost) curve"
Explanation :
Supply curve is the curve which shows the quantity of products a seller wishes to sell at a given price level. Supply curve projects different level of goods which can be suppliied by the producers at different levels.