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What are the correct answers for 1-2? Question 1 A) The law of supply states that as price increases, ceteris paribus, _ (1 point) supply

What are the correct answers for 1-2?

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Question 1 A) The law of supply states that as price increases, ceteris paribus, _ (1 point) supply increases quantity supplied increases quantity supplied decreases supply decreases Question 2 A) What is the difference between supply and quantity supplied? (1 point) Supply is the total amount of goods available; quantity supplied is how much is made available at each price level. Supply is how much consumers are willing to buy; quantity supplied is how much is made available. Supply deals with the decisions of consumers and quantity supplied deals with the decisions of a producer. Supply and quantity supplied are the same

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