Multiple Choice
Which one of the following statements is FALSE?
A) There is an inverse (negative) relationship between product price and quantity supplied.
B) There is some price at which quantity supplied of a product is zero.
C) As product price increases, producers are willing to put more of the good on the market for sale.
D) In order to entice producers to offer more of a product on the market for sale, product price must rise.
Correct Answer:
Verified
Correct Answer:
Verified
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