An increase in price will result in an increase in supply.

Name: An increase in price will result in an increase in supply.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

An increase in price generally results in an increase in quantity supplied, but not necessarily an increase in supply. Supply is determined by multiple factors beyond just price, such as production capacity, resource availability, technology, and government regulations.

An Increase in Price Will Result in an Increase in Supply