If the price of portable power banks increases, then there will be ________ of portable power banks.
A) a decrease in the supply
B) an increase in the supply
C) an increase in the quantity supplied
D) a decrease in the quantity supplied

Question

Quizplus · Accepted Answer

An increase in the price of portable power banks leads to an increase in the quantity supplied, not the overall supply. This is because suppliers are more willing to produce and sell more at higher prices, assuming other factors remain constant.

If the Price of Portable Power Banks Increases, Then There