If the price of a product rises and as a result businesses increase their production, then _______.
Question:
If the price of a product rises and as a result businesses increase their production, then _______.
a) supply has increased
b) supply has decreased
c) quantity supplied has increased
d) quantity supplied has decreased
e) both supply and quantity supplied have increased
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The correct answer is c quantity supplied has increas...View the full answer
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