All else being equal,as the price of a product falls,the quantity supplied increases.

Name: All else being equal,as the price of a product falls,the quantity supplied increases.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As the price of a product falls, the quantity supplied typically decreases because producers are less willing to supply a product at lower prices, as it may not cover production costs or yield sufficient profit.

All Else Being Equal,as the Price of a Product Falls,the