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Which relationship is the best example of the law of supply?
Ā 
A. The quantity of a good supplied rises as the price rises.
B. The quantity of a good supplied rises as the price falls.
C. The quantity of a good supplied falls as the price rises.
D. The quantity of a good supplied is not impacted by price.

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Prachi Dabas
Prachi DabasLv10
20 Oct 2020

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Related questions

Which of the following is consistent with the law of supply?

A. As the price of calculators rises, the quantity supplied of calculators decreases.

B.As the price of calculators falls, the supply of calculators increases.

C. As the price of calculators rises, the supply of calculators increases.

D. As the price of calculators rises, the quantity supplied of calculators increases.

31) Which one of the following correctly describes how price adjustment eliminates a surplus? A) As the price falls, the quantity demanded decreases and the quantity supplied increases B) As the price rises, the quantity demanded increases and the quantity supplied decreases. C) As the price falls, the quantity demanded increases and the quantity supplied decreases. D) As the price rises, the quantity demanded decreases and the quantity supplied increases. E) As the price falls, the demand for substitutes decreases, which eliminates the surplus.

17) Which one of the following correctly describes how price adjustment eliminates a surplus? A) As the price rises, the quantity demanded increases and the quantity supplied decreases. B) As the price falls, the quantity demanded decreases and the quantity supplied increases. C) As the price rises, the quantity demanded decreases and the quantity supplied increases. D) As the price falls, the quantity demanded increases and the quantity supplied decreases. E) As the price falls, the demand for substitutes decreases, which eliminates the surplus.

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