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To be part of the supply for a good, a producer must be Question 1 options: A) only able to supply the good. B) only
To be part of the supply for a good, a producer must be Question 1 options: A) only able to supply the good. B) only willing to supply the good. C) both able and willing to supply the good. D) both able and willing to supply the good, and have already identified a buyer. Question 2 (1 point) When the price of oranges increases, Question 2 options: A) the quantity of oranges demanded increases. B) the supply of oranges decreases. C) the quantity of oranges supplied increases. D) none of the above Question 3 (1 point) Mulch is shredded wood and is a by-product in the production of lumber. Because these two goods are produced together, they are Question 3 options: A) normal goods in production. B) substitutes in production. C) inputs into the same production process. D) complements in production
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