The cause-and-effect relationship between quantity supplied and price is usually

Name: The cause-and-effect relationship between quantity supplied and price is usually
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cause-and-effect relationship between quantity supplied and price is usually a direct relationship, meaning as the price increases, the quantity supplied also increases, and vice versa. This is because suppliers are typically willing to supply more of a good when its price rises, in order to increase profits.

The Cause-And-Effect Relationship Between Quantity Supplied and Price Is Usually