How will a decrease in price tend to affect supply?
A)Supply will increase.
B)Supply will decrease.
C)Supply will not change.
D)Uncertain.

Name: How will a decrease in price tend to affect supply? A)Supply will increase. B)Supply will decrease. C)Supply will not change. D)Uncertain.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Supply is determined by factors such as production costs and technology, not by the price of the good itself. A decrease in price affects quantity supplied, not supply.

How Will a Decrease in Price Tend to Affect Supply