If a supply curve goes through the point p 10 and qs 320, Ask an Expert

Economics

If a supply curve goes through the point P = $10 and Qs = 320, then

a. $10 is the highest price that will induce firms to supply 320 units

b. $10 is the lowest price that will induce firms to supply 320 units

c. at a price higher than $10 there will be a surplus

d. at a price lower than $10 there will be a shortage

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9594997

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