Multiple Choice
The law of supply states that other things remaining the same,a decrease in the price of a kayak leads to
A) a decrease in the supply of kayaks.
B) a decrease in the quantity of kayaks supplied.
C) an increase in the supply of kayaks.
D) an increase in the quantity of kayaks supplied.
E) an increase in the supply of kayaks and a decrease in the quantity of kayaks supplied.
Correct Answer:

Verified
Correct Answer:
Verified
Q109: If there is a surplus of tacos,then
Q110: Which of the following leads to an
Q111: A competitive market is in equilibrium.Then there
Q112: During 2008 the supply of gasoline decreased
Q113: If the number of sellers decreases,then the
Q115: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The graph illustrates
Q116: Suppose that the equilibrium price and quantity
Q117: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The graph illustrates
Q118: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figures
Q119: Consider the market for smart phones.Which of