Ceteris paribus,according to the law of supply,if the price of product Z increases from $6 to $8,then the:

Name: Ceteris paribus,according to the law of supply,if the price of product Z increases from $6 to $8,then the:
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

The law of supply states that, ceteris paribus, an increase in the price of a product will lead to an increase in the quantity supplied of that product. Therefore, if the price of product Z increases from $6 to $8, the quantity supplied of Z will increase.

Ceteris Paribus,according to the Law of Supply,if the Price of Product