Asked by Ken Xiao Xinhua on Jun 10, 2024
Verified
Price cannot fall so low that some sellers choose to supply a quantity of zero.
Quantity Of Zero
A condition where the quantity of a good or service supplied or demanded is zero, often due to a price set below or above the market equilibrium.
- Recognize the association between appealing prices and the volume of demand or supply, distinguishing movements along curves from shifts of those curves.
Verified Answer
ZS
zonae simmonsJun 14, 2024
Final Answer :
False
Explanation :
Price can fall so low that some sellers choose not to supply any quantity of their product, as it may not cover their costs of production, leading them to supply a quantity of zero.
Learning Objectives
- Recognize the association between appealing prices and the volume of demand or supply, distinguishing movements along curves from shifts of those curves.