Please see below. I need help with both questions please and thank you. What represents the amount of some good or service a producer is willing to supplyat each price?OA demand curveOA supply curveO PriceO Profit If the price of a good or service is above the equilibrium price then the supply anddemand model predicts that there will beO excess supply (also known as a "surplus")excess demand (also known as a "shortage")O both a surplus and a shortagenone of the above

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What represents the amount of some good or service a producer is willing to supply at each price? A demand curve A supply curve Price Profit

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 5QR

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Question

Please see below. I need help with both questions please and thank you.

What represents the amount of some good or service a producer is willing to supply
at each price?
OA demand curve
OA supply curve
O Price
O Profit

If the price of a good or service is above the equilibrium price then the supply and
demand model predicts that there will be
O excess supply (also known as a "surplus")
excess demand (also known as a "shortage")
O both a surplus and a shortage
none of the above

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