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"Other Things Equal,when the Price of a Good Rises,the Quantity

Question 24

Multiple Choice

"Other things equal,when the price of a good rises,the quantity supplied of the good also rises,and when the price falls,the quantity supplied falls as well." This relationship between price and quantity supplied


A) is referred to as the law of supply.
B) applies only to a few goods in the economy.
C) is represented by a downward-sloping supply curve.
D) All of the above are correct.

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