The law of supply states that, holding other factors constant, as price increases
a. Quantity supplied increases
b. Quantity supplied decreases
c. Quantity demanded increases
d. Quantity demanded decreases
a
Economics
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Aggregate demand refers to the relationship between
A) the price level and the quantity of real GDP supplied. B) prices and the quantity of a good supplied. C) the price level and the quantity of real GDP demanded. D) prices and the quantity of a good demanded.
Economics
Ceteris paribus, if the price of lumber increases, we would expect an increase in the supply of lumber
a. True b. False Indicate whether the statement is true or false
Economics