IF AN ECONOMIST IS ANALYZING THE QUANTITY OF GOODS OR SERVICES THA...

66. - TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL 66. - TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
66. If an economist is analyzing the quantity of goods or services that businesses are willing to sell at different prices at specific times, then the focus is oncompetition.pure competition.demand.→ supply.equilibrium.Supply is the number of goods or services that a business is willing to sell at different prices at specific times.Multiple Choice Question Accessibility: Keyboard NavigationBloom's: KnowledgeDifficulty: MediumLearning Objective: 01-04 Describe the role of supply; demand; and competition in a free-enterprise system.