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    Exploring Microeconomics
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    Exam 3: Supply and Demand
  5. Question
    According to the Law of Supply, What Would We Predict
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According to the Law of Supply, What Would We Predict

Question 6

Question 6

Multiple Choice

According to the law of supply, what would we predict will occur when the price of a good increases?


A) More will be produced.
B) Less will be consumed.
C) More will be consumed.
D) Less will be produced.

Correct Answer:

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