Macroeconomics 11th Edition by Stephen Slavin

Exercise 48

Before you get started, you'll find it's much easier to answer many of these questions by first sketching a graph of a supply and demand curve. In fact, that graph will help you answer the first four questions.
Circle the letter that corresponds to the best answer.
What happens to quantity supplied when price is lowered?
a) It rises.
b) It falls.
c) It stays the same.
d) It cannot be determined if it rises, falls, or stays the same.