Social StudiesCâu 97 / 120
In an economy, what does the term 'supply' refer to?
a.The amount of a good producers offer for sale
b.The desire of consumers to buy a good
c.The total money in a bank
d.The tax on a product
Giải thích
Supply is the quantity of a good or service that producers are willing to offer at various prices. Demand, by contrast, is what consumers want to buy. Together, supply and demand influence market prices.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which document begins with the words 'We the People' and establishes the framework of the U.S. government?
- The U.S. government is divided into three branches. Which branch makes the laws?
- What is the main purpose of the Bill of Rights?
- Which right is protected by the First Amendment?
- The American Civil War (1861-1865) was fought largely over which issue?
- What is inflation?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với GED (General Educational Development) · Quy trình kiểm tra