If the price of Nike running shoes increases, Nike will supply fewer running shoes.

Name: If the price of Nike running shoes increases, Nike will supply fewer running shoes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to the law of supply, when the price of a good increases, suppliers will typically increase the quantity supplied as they can earn more profit. Therefore, Nike would likely increase the supply of running shoes if the price increases, not decrease it.

If the Price of Nike Running Shoes Increases, Nike Will