If the price of a product decreases, we would expect
A) demand to increase.
B) quantity supplied to decrease.
C) supply to decrease.
D) quantity supplied to increase.

Name: If the price of a product decreases, we would expect A) demand to increase. B) quantity supplied to decrease. C) supply to decrease. D) quantity supplied to increase.
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Question

Quizplus · Accepted Answer

When the price of a product decreases, suppliers are less willing to supply the same quantity, leading to a decrease in the quantity supplied.

If the Price of a Product Decreases, We Would Expect