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    A Simple Supply Curve Shows That an Increase in the Price
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A Simple Supply Curve Shows That an Increase in the Price

Question 241

Question 241

Multiple Choice

A simple supply curve shows that an increase in the price of a good will cause the quantity supplied to:


A) Decrease.
B) Increase.
C) Remain constant.
D) Fluctuate randomly around its equilibrium value.

Correct Answer:

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