The law of supply states that, all else being equal, as price _____, the quantities supplied to the market _____. A increases, increases B increases, decreases C decreases, increases D decreases, decreases
The law of supply states that, all else being equal, as price _____, the quantities supplied to the market _____. A increases, increases B increases, decreases C decreases, increases D decreases, decreases
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 16RQ: What is the relationship between quantity Demanded and quantity supplied at equilibrium? What is the...
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Question 13:
The law of supply states that, all else being equal, as price _____, the quantities supplied to the market _____.
A
increases, increases
B
increases, decreases
C
decreases, increases
D
decreases, decreases
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