As the price of an item increases, the quantity of the item provided to the marketplace will increase, ceteris paribus.

Name: As the price of an item increases, the quantity of the item provided to the marketplace will increase, ceteris paribus.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to the law of supply, ceteris paribus (all other factors being equal), an increase in the price of an item will lead to an increase in the quantity supplied to the marketplace, as suppliers are more willing to produce and sell more at higher prices.

As the Price of an Item Increases, the Quantity of the Item