Which one of the following statements is FALSE?
A) There is some price at or below which the quantity supplied of a product is zero.
B) As product price increases,producers are willing to offer more of the good for sale.
C) To entice producers to offer more of a product on the market for sale,product price must rise.
D) There is an inverse (negative) relationship between product price and quantity supplied.
Correct Answer:
Verified
Q87: Which of the following will NOT affect
Q88: Which of the following statements is FALSE?
A)A
Q89: Which of the following statements about a
Q90: All of the following will cause the
Q91: The quantity supplied of a particular good
Q93: The relationship between quantity supplied and the
Q94: If more buyers come into the market
Q95: Other things being equal,the relationship between price
Q96: Other things constant,quantity supplied of a product
Q97: For typical goods and services,supply curves are
A)vertical.
B)horizontal.
C)downward
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents