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Mohammad Bakeer
on Dec 11, 2024

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According to the law of supply,

A) more of a good is desired by consumers as the price falls.
B) less of a good is desired by consumers as the price rises.
C) more of a good will be offered by suppliers as the price rises.
D) less of a good will be offered by suppliers as the price rises.

Law Of Supply

The principle that, all else equal, an increase in the price of a good will result in an increase in the quantity supplied.

Suppliers

Entities or individuals that provide goods or services to consumers, businesses, or other organizations.

Good

A physical item that is produced and can be offered to the market to satisfy a want or need.

  • Acquire knowledge of the law of supply and analyze its effects on market dynamics.
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Andrea RamirezDec 13, 2024
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