question 9 what is market supply? a the relationship between the price and the quantity that producers are…

question 9 what is market supply? a the relationship between the price and the quantity that producers are willing and able to supply b. the sum of all the individual quantities demanded in a market c the direct relationship between price and quantity d. the sum of all the individual quantities supplied in a market market supply curve $3.00 2.50 2.00 1.50 a 1.00 0.50 0 200 400 600 800 1,000 1,200 1,400 1,600 quantity (tacos per week) price (per taco)

question 9 what is market supply? a the relationship between the price and the quantity that producers are willing and able to supply b. the sum of all the individual quantities demanded in a market c the direct relationship between price and quantity d. the sum of all the individual quantities supplied in a market market supply curve $3.00 2.50 2.00 1.50 a 1.00 0.50 0 200 400 600 800 1,000 1,200 1,400 1,600 quantity (tacos per week) price (per taco)

Answer

Brief Explanations:

Market supply is defined as the sum of the quantities that all individual producers in a market are willing and able to supply at various prices. Option A describes the supply - curve concept rather than market supply. Option B refers to market demand. Option C is a general statement about the price - quantity relationship and is too broad. Option D correctly defines market supply as the sum of all individual quantities supplied in a market.

Answer:

D. the sum of all the individual quantities supplied in a market