Exhibit 3-5 Supply for Tucker's Cola Data
In reference to Exhibit 3-5, assume the price of Tucker's Cola is $1.00 per gallon. If the price were to rise to $3.00 per gallon, and all other factors, such as taxes, etc. remained constant, the result would be a(n) :
A) decrease in supply.
B) increase in supply.
C) decrease in quantity supplied.
D) increase in quantity supplied.
Correct Answer:
Verified
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