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

Question 244

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 up along the supply curve to a larger quantity supplied.
D) there is a movement down along the supply curve to a smaller quantity supplied.

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