Multiple Choice
The law of supply says that higher prices tend to _____ the quantity supplied of a good or service,assuming no other changes.
A) increase
B) decrease
C) have no effect on
D) first increase, then decrease
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q31: The individual quantity demanded is the amount
Q32: The individual quantity demanded is the amount
Q33: Which of the following is an example
Q34: What determines a market supply schedule?
Q35: Households are generally buyers in the markets
Q37: The rate at which buyers exchange money
Q38: Which of the following is not an
Q39: Ceteris paribus,when used by economists,means<br>A) for every
Q40: Does the law of supply apply to
Q41: What would it mean if a demand