Which of the following is the best example of the Law of Supply?
A) When the cost of production of cotton fell, the market price of cotton also fell.
B) When the market price of pens increased, sellers started supplying more pens.
C) When the market price of pens increased, sellers started supplying fewer pens.
D) When the cost of production of cotton increased, all suppliers' willingness to accept decreased.
Correct Answer:
Verified
Q86: The following table shows the supply schedule
Q87: Willingness to accept is _.
A) always lower
Q88: Q89: The figure below shows the supply curves Q90: All else being equal,an increase in the Q92: The figure below shows the supply curves Q93: The figure below shows the supply curves
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