Multiple Choice
Why does quantity supplied increase when price increases?
A) Producers find it more profitable to make the item.
B) People "drop out" of the market, so buyers find it more abundant.
C) As demand decreases with a high price, surpluses appear.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q114: Consumer income changes can shift market demand.
Q122: Rent controls encourage investment in housing because
Q151: While demand shifts have an effect on
Q198: As price increases, additional suppliers are willing
Q258: In high schools, all teachers were paid
Q259: Which of the following is not a
Q260: From 2007 to 2008, the Federal Reserve
Q265: Some hotels in Myrtle Beach, South Carolina
Q266: The _ the demand curve for a
Q267: Which of the following suggests that the