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  3. Study Set
    Economics The Basics
  4. Exam
    Exam 2: Demand and Supply: The Basics of the Market Economy
  5. Question
    The Law of Supply Says That Higher Prices Tend to _____
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The Law of Supply Says That Higher Prices Tend to _____

Question 36

Question 36

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

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