Which of the following is true?
a. Sellers are willing to supply more of a good or service at every price after costs have increased.
b. A fall in the price of a product leads to an increase in the profits earned by sellers
c. A fall in the cost of production leads to a downward movement along the supply curve of a product.
d. Sellers are willing to supply more of a good or service at every price after costs have decreased.
e. An increase in the price of a product leads to a fall in the profits earned by sellers.
d
Economics
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a. True b. False Indicate whether the statement is true or false
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