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According to the Law of Supply

Question 281

Multiple Choice

According to the law of supply,


A) producers are willing to supply larger amounts of a good as its price increases.
B) a direct relationship exists between the price of a good and the amount buyers choose to buy.
C) an inverse relationship exists between the price of a good and the amount buyers wish to buy.
D) an inverse relationship exists between the price of a good and the amount producers supply.

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