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The "Law of Supply" Refers to the Fact That, All

Question 4

Multiple Choice

The "law of supply" refers to the fact that, all other things remaining the same, when the price of a good rises


A) the supply curve shifts leftward.
B) the supply curve shifts rightward.
C) there is a movement down along the supply curve to a smaller quantity supplied.
D) there is a movement up along the supply curve to a larger quantity supplied.

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