Figure 3-2
-According to Figure 3-2,an increase in the price from $0.40 to $0.60 will result in

Name: Figure 3-2 -According to Figure 3-2,an increase in the price from $0.40 to $0.60 will result in
Brand: Quizplus
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Question

Figure 3-2 
-According to Figure 3-2,an increase in the price from $0.40 to $0.60 will result in

Quizplus · Accepted Answer

According to the law of supply, as the price of a good increases, the quantity supplied also increases. In this case, the quantity supplied increases from 60 million litres to 80 million litres, which is a difference of 20 million litres. Therefore, the correct answer is A.

Figure 3-2 -According to Figure 3-2,an Increase in the Price from $0.40