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The Law of Supply Tells Us That Other Things Remaining

Question 155

Multiple Choice

The law of supply tells us that other things remaining the same,as the


A) price of gasoline falls,the quantity of gasoline supplied decreases.
B) price of gasoline rises,the quantity of gasoline supplied decreases.
C) supply of gasoline increases,the price of gasoline falls.
D) cost of producing gasoline falls,the supply of gasoline will increase.
E) cost of producing gasoline increases,the price of gasoline rises.

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