Question
If the price of a product rises and as a result businesses increase their production, then ______________. a). supply has increased. b). supply has decreased.
If the price of a product rises and as a result businesses increase their production, then ______________.
- 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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Get StartedRecommended Textbook for
Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
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