Multiple Choice
Which of the following statements best illustrates the law of supply?
A) When the price of oil rises, the supply of automobiles falls.
B) When the price of steel falls, the supply of automobiles rises.
C) When the price of computers rises, the quantity supplied of computers rises.
D) When the price of televisions rises, the quantity supplied of televisions falls.
Correct Answer:
Verified
Correct Answer:
Verified
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