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Last Year, the Pottery Palace Supplied 8,000 Ceramic Pots at $40

Question 103

Multiple Choice

Last year, the Pottery Palace supplied 8,000 ceramic pots at $40 each.This year, the company supplied the same quantity of ceramic pots at $55 each.Based on this evidence, the Pottery Palace has experienced


A) a decrease in supply.
B) an increase in supply.
C) an increase in the quantity supplied.
D) a decrease in the quantity supplied.

Correct Answer:

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