Quizzol

QUESTION:

The law of supply states that an increase in the price of a good ________.

a. increases the supply of that good

b. decreases the quantity demanded for that good

c. decreases the demand for that good

d. increases the quantity supplied of that good

e. does none of the answer choices

ANSWER:

d. increases the quantity supplied of that good.

Posted by Cleveland on August 30, 2024