QuestionJuly 20, 2025

An important assumption that is made when constructing a supply schedule is only price and quantity matter in determining supply. firms always want to sell a certain amount of a product. supply is too important to be left to the free market. all other determinants of supply are held constant.

An important assumption that is made when constructing a supply schedule is only price and quantity matter in determining supply. firms always want to sell a certain amount of a product. supply is too important to be left to the free market. all other determinants of supply are held constant.
An important assumption that is made when constructing a supply schedule is
only price and quantity matter in determining supply.
firms always want to sell a certain amount of a product.
supply is too important to be left to the free market.
all other determinants of supply are held constant.

Solution
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Answer

All other determinants of supply are held constant. Explanation 1. Identify the key assumption in supply schedule construction The key assumption is that all other determinants of supply are held constant, except for price and quantity.

Explanation

1. Identify the key assumption in supply schedule construction<br /> The key assumption is that all other determinants of supply are held constant, except for price and quantity.
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