Potential sellers of an asset can be represented as a ____ schedule showing the ____ prices at which they are willing to sell given quantities of the asset.
A) supply; maximum
B) demand; maximum
C) supply; minimum
D) supply; average

Question

Quizplus · Accepted Answer

Potential sellers of an asset are represented by a supply schedule, which shows the minimum prices at which they are willing to sell given quantities of the asset. This reflects the principle that sellers will only part with their assets if the price meets or exceeds their minimum acceptable level.

Potential Sellers of an Asset Can Be Represented as a ____