2
QuizMultiple Choice

Unit 2: Understanding Microeconomics — Test

Question 2 • Personal Finance and Economics

A market supply schedule shows

Answer
A
how prices affect a single producer.
B
how prices affect a group of consumers.
C
the products of two companies only.
D
the prices and quantity in an entire market.

Explanation

A market supply schedule lists the quantity that all producers in a market are willing to supply at different prices. It therefore shows prices and quantities for the entire market, not just one producer or a limited group of companies.

AI-written and checked against the verified answer.

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