In discussing the supply curve, economists use phrases like, "if the price rises" or "if the pri

Let's go over this question. So this is about supply and demand. In the free market, sellers do

Question

In discussing the supply curve, economists use phrases like, "if the price rises" or "if the price falls," because: they are uninterested in all of the other directions in which a price can move. all sellers have control over the prices at which they sell. they do not believe that prices are ever stable. the supply curve shows how sellers will respond to price changes but by itself does not explain how prices are determined.

          In discussing the supply curve, economists use phrases like, "if the price rises" or "if the price falls," because:
they are uninterested in all of the other directions in which a price can move.
all sellers have control over the prices at which they sell.
they do not believe that prices are ever stable.
the supply curve shows how sellers will respond to price changes but by itself does not explain how prices are
determined.

In discussing the supply curve, economists use phrases like, "if the price rises" or "if the price falls," because:
they are uninterested in all of the other directions in which a price can move.
all sellers have control over the prices at which they sell.
they do not believe that prices are ever stable.
the supply curve shows how sellers will respond to price changes but by itself does not explain how prices are
determined.

Added by Brandon C.

Principles of Economics

Gregory Mankiw 8th Edition

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In discussing the supply curve, economists use phrases like, "if the price rises" or "if the price falls," because: they are uninterested in all of the other directions in which a price can move. all sellers have control over the prices at which they sell. they do not believe that prices are ever stable. the supply curve shows how sellers will respond to price changes but by itself does not explain how prices are determined. In discussing the supply curve, economists use phrases like,"if the price rises"or "if the price falls,"because O they are uninterested in all of the other directions in which a price can move. O all sellers have control over the prices at which they sell. O they do not believe that prices are ever stable. O the supply curve shows how sellers will respond to price changes but by itself does not explain how prices are determined.