If the price of a product rises and as a result businesses increase their production, then ______________.

1. 
   
2. a). supply has increased.
3. b). supply has decreased.
4. c). quantity supplied has increased.
5. d). quantity supplied has decreased.
6. e). both supply and quantity supplied have increased.

Answer rating: 100% (QA)

C is the correct answer If the price of a product rises and as a resu... View the full answer