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Holding the Nonprice Determinants of Supply Constant,a Change in Price

Question 1

Multiple Choice

Holding the nonprice determinants of supply constant,a change in price would


A) result in either a decrease in supply or an increase in supply.
B) result in a movement along a stationary supply curve.
C) result in a shift of demand.
D) have no effect on the quantity supplied.

Correct Answer:

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