Under the law of supply, any decrease in price will cause ________ in quantity supplied
a. an increase
b. no change
c. a decrease
d. constant change
c
Economics
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An increase in aggregate demand, such as that due to an increase in government purchases, increases:
a. prices in the short run and output in the long. b. output in the short run and prices in the long run. c. both output and prices in the long run. d. output in the long run.
Economics
Moral hazard and adverse selection are the result of
A) poorly functioning markets. B) government intervention. C) private information. D) treachery.
Economics