When all else equal, as the price of a product falls, the quantity supplied decreases.

Name: When all else equal, as the price of a product falls, the quantity supplied decreases.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because, generally, suppliers are willing to produce and sell less of a product at lower prices due to reduced profitability, which aligns with the law of supply.

When All Else Equal, as the Price of a Product