A change in the price of a product will change the supply of that product.

Name: A change in the price of a product will change the supply of that product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A change in the price of a product affects the quantity supplied, not the supply. The supply refers to the entire relationship between price and the quantity available at those prices, while a change in price moves along the supply curve, changing the quantity supplied.

A Change in the Price of a Product Will Change