The law of supply states that, other things remaining the same,
A) if the price of a good increases, firms buy less of it.
B) demand increases when supply increases.
C) if the price of a good increases, the supply increases.
D) as people's income increases, the supply of goods increases.
E) if the price of a good increases, the quantity supplied increases.
Correct Answer:
Verified
Q55: The quantity supplied of a good or
Q56: Which of the following increases the supply
Q57: The Motor Vehicle Builders' Union bargained for
Q58: A normal good is DEFINED as a
Q59: The law of supply reflects the fact
Q61: If a higher price for wheat decreases
Q62: Suppose over the next few years the
Q63: Researchers have found a hybrid of corn
Q64: Q65: ![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents