Multiple Choice
Which of the following statements best represents the law of supply?
A) Price and quantity supplied are inversely related.
B) Price and quantity supplied are directly related.
C) Price and quantity supplied are inversely related,ceteris paribus.
D) Price and quantity supplied are directly related,ceteris paribus.
E) Price and supply are directly related,ceteris paribus.
Correct Answer:
Verified
Correct Answer:
Verified
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