A typical 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.
Answer: B
A typical 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.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.