Which statement is true about supply?
A. There is an inverse relationship between price and quantity supplied
B. Supply refers to the amount of inventory that sellers have in their warehouses
C. As price decreases, producers are willing to put more of the good on the market for sale
D. To entice producers to offer more of a good on the market for sale, price must rise
Answer: D
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Fiscal policies are different from monetary policies because:
a. Fiscal policies affect only aggregate supply and monetary policies affect only aggregate demand. b. Fiscal policies affect only aggregate demand and monetary policies affect only aggregate supply. c. Fiscal policies are enacted by central banks and monetary policies are enacted by Congress or Parliament. d. Fiscal policies are mainly concerned with changing government spending and taxation, and monetary policies are mainly concerned with changing the money supply.
Gross Domestic Happiness Index compiled by Thailand, is based on polling results about living conditions, income, the environment, social welfare, and employment
Indicate whether the statement is true or false