Multiple Choice
The law of supply states that:
A) there is a negative relationship between the price of a good and the quantity of it purchased by suppliers.
B) there is a positive relationship between the price of a good and the quantity that buyers choose to purchase.
C) there is a positive relationship between the price of a good and the quantity of it offered for sale by suppliers.
D) at a lower price, a greater quantity will be supplied.
Correct Answer:
Verified
Correct Answer:
Verified
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