All of the following are assumed to be constant when the supply curve for a product is drawn, except the
A) price of the product.
B) production technology used by the ﬁrm.
C) number of producers.
D) price of inputs used to make the product.

Question

Quizplus · Accepted Answer

The supply curve shows the relationship between the price of the product and the quantity supplied, assuming all other factors remain constant. Thus, the price of the product is the variable that changes along the supply curve.

All of the Following Are Assumed to Be Constant When