Asked by
Tashanna Grant-Bucknor
on Oct 13, 2024
Verified
As price rises,quantity supplied
A) rises.
B) falls.
C) remains the same.
Quantity Supplied
The total amount of a product that producers are willing and able to sell at a given price point, at a specific time.
Price Rises
A general increase in the cost of goods and services in an economy, often indicating inflationary pressures.
- Gain insight into the law of supply and the law of demand.
- Acquire knowledge about the connection between price movements and the volume of supply and demand.
Verified Answer
SG
Learning Objectives
- Gain insight into the law of supply and the law of demand.
- Acquire knowledge about the connection between price movements and the volume of supply and demand.