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The Law of Supply States That,other Things Remaining the Same

Question 164

Multiple Choice

The law of supply states that,other things remaining the same,


A) demand increases when supply increases.
B) if the price of a good increases, firms buy less of it.
C) if the price of a good increases, the quantity supplied increases.
D) as people's income increase, the supply of goods increases.
E) if the price of a good increases, the supply increases.

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