A decrease in the price of a good will:

Name: A decrease in the price of a good will:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A decrease in the price of a good does not change the supply of the good but decreases the quantity supplied, as suppliers are less willing to supply the same amount at a lower price. Supply refers to the overall relationship between price and the quantity of goods supplied, while quantity supplied refers to the specific amount of goods that suppliers are willing and able to sell at a particular price.

A Decrease in the Price of a Good Will