What happens to quantity supplied when price is lowered? a) It rises. b) It falls. c) It

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What happens to quantity supplied when price is lowered?

a) It rises.

b) It falls.

c) It stays the same.

d) It cannot be determined if it rises, falls, or stays the same.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:00 AM

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What happens to quantity supplied when price is lowered? a) It rises. b) It falls. c) It

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The correct answer is b It falls Explanation According to the Law of Supply when the ...View the full answer

Microeconomics

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