Day: May 30, 2022

In calculating the short-run supply schedule for a firm, what is assumed to remain unchanged?

Select ONE answer:

1. the number of consumers
2. the price of the good
3. the quantities of all factors
4. the state of technology

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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