Exhibit 4-9
-Refer to the supply curve in Exhibit 4-9. If the price increases from P to P', quantity supplied will

Name: Exhibit 4-9 -Refer to the supply curve in Exhibit 4-9. If the price increases from P to P', quantity supplied will
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Question

Exhibit 4-9  
-Refer to the supply curve in Exhibit 4-9. If the price increases from P to P', quantity supplied will

Quizplus · Accepted Answer

According to the law of supply, as the price of a good increases, the quantity supplied will also increase. Therefore, if the price increases from P to P', the quantity supplied will also increase.