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The ʺLaw of Supplyʺ Refers to the Fact That, All

Question 154

Multiple Choice

The ʺlaw of supplyʺ refers to the fact that, all other things remaining the same, when the price of a good rises


A) there is a movement down along the supply curve to a smaller quantity supplied.
B) there is a movement up along the supply curve to a larger quantity supplied.
C) the supply curve shifts leftward.
D) the supply curve shifts rightward.

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