The law of supply states that, other things remaining the same,A) if the price of a good increases, the quantity supplied decreases.B) demand increases when supply increases.C) if the price of a good increases, the supply increases.D) if the price of a good decreases, the quantity supplied decreases.

Law of supply states that there is a positive relationship between price and quantity supplied. Both…

The law of supply states that, other things remaining the same, A) if the price of a good increases, the quantity supplied de B) demand increases when supply increases. C) if the price of a good increases, the supply increases. D) if the price of a good decreases, the quantity supplied de

The law of supply states that, other things remaining the same, A) if the price of a good increases, the quantity supplied de B) demand increases when supply increases. C) if the price of a good increases, the supply increases. D) if the price of a good decreases, the quantity supplied de

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 9QP

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Question

The law of supply states that, other things remaining the same,
A) if the price of a good increases, the quantity supplied decreases.
B) demand increases when supply increases.
C) if the price of a good increases, the supply increases.
D) if the price of a good decreases, the quantity supplied decreases.

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