​Figure 52

Multiple Choice

​Figure 5.2. The figure shows the supply and demand curves of a firm.
-​Which of the following is true?

A) ​Sellers are willing to supply more of a good or service at every price after costs have increased.
B) ​A fall in the price of a product leads to an increase in the profits earned by sellers.
C) ​A fall in the cost of production leads to a downward movement along the supply curve of a product.
D) ​Sellers are willing to supply more of a good or service at every price after costs have decreased.
E) ​An increase in the price of a product leads to a fall in the profits earned by sellers.