ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True/False:Quantity supplied can be changed due to factors such as resource prices, taxes, quotas, and the number of sellers.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A change in the price of a good or service causes a change in the quantity supplied-a movement along the supply curve. A change in a supply shifter causes a change in supply, which is shown as a shift of the supply curve.
Detailed explanation-2: -The quantity of an item that a producer intends to sell in the market is referred to as supply. Price, the number of suppliers, the state of technology, government subsidies, weather conditions, and the availability of employees, and many more, all can influence supply.
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