Multiple Choice
The ʺlaw of supplyʺ refers to the fact that, all other things remaining the same, when the price of a good rises
A) there is a movement down along the supply curve to a smaller quantity supplied.
B) there is a movement up along the supply curve to a larger quantity supplied.
C) the supply curve shifts leftward.
D) the supply curve shifts rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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