When the price of a good rises, there is
A) an increase in supply.
B) a decrease in supply.
C) a decrease in quantity supplied.
D) an increase in quantity supplied.

Question

Quizplus · Accepted Answer

When the price of a good rises, there is an increase in quantity supplied, not an increase in supply itself. This is because suppliers are willing to sell more at higher prices, but the overall supply curve does not shift; instead, we move along the same supply curve to a higher quantity supplied.

When the Price of a Good Rises, There Is