Which of the following indicates that the law of supply applies to makers of soda?
A) An increase in the price of a soda leads to an increase in the demand for soda.
B) An increase in the price of a soda leads to an increase in the supply of soda.
C) A decrease in the price of a soda leads to an increase in the quantity of soda demanded.
D) A decrease in the price of a soda leads to an increase in the supply of soda.
E) An increase in the price of a soda leads to an increase in the quantity of soda supplied.
Correct Answer:
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