If the price of a product rises and as a result businesses increase their production, then _______.

Question:

a) supply has increased

b) supply has decreased

c) quantity supplied has increased

d) quantity supplied has decreased

e) both supply and quantity supplied have increased

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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If the price of a product rises and as a result businesses increase their production, then _______.

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The correct answer is c quantity supplied has increas...View the full answer

Microeconomics

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