The market supply curve shows the
A) minimum price suppliers must receive in order to produce another unit of the good.
B) maximum price suppliers must receive in order to produce another unit of the good.
C) amount of producer surplus suppliers receive.
D) profit that suppliers receive from producing another unit of the good.

Question

Quizplus · Accepted Answer

The market supply curve represents the minimum price at which suppliers are willing to produce and sell an additional unit of a good, reflecting their marginal cost of production.

The Market Supply Curve Shows the