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    Macroeconomics Study Set 40
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    Exam 3: Demand and Supply
  5. Question
    The "Law of Supply" Occurs Because as the Price of a Good
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The "Law of Supply" Occurs Because as the Price of a Good

Question 231

Question 231

Multiple Choice

The "law of supply" occurs because as the price of a good increases, the opportunity cost of


A) producing the good increases.
B) not producing the good decreases.
C) not producing the good increases.
D) producing the good decreases.

Correct Answer:

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