The law of supply tells us that, if other factors do not change, as the
A) price of gasoline falls, the quantity of gasoline supplied decreases.
B) price of gasoline rises, the quantity of gasoline supplied decreases.
C) supply of gasoline increases, the price of gasoline rises.
D) cost of producing gasoline decreases, the supply of gasoline increases.
E) cost of producing gasoline increases, the price of gasoline rises.
Correct Answer:
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