ECONOMICS
SCARCITY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A decrease in the price of a good will
|
|
increase supply.
|
|
|
decrease supply.
|
|
|
increase quantity supplied.
|
|
|
decrease quantity supplied.
|
Explanation:
Detailed explanation-1: -The law of supply states that a higher price leads to a higher quantity supplied and that a lower price leads to a lower quantity supplied.
There is 1 question to complete.