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28 Nov 2020
Which of the following statements is true about the supply?
a. Supply refers to the amount of inventory that sellers have in their warehouses.
b. There is an inverse relationship between price and quantity supplied.
c. As price increases, producers are willing and able to put more of the good on the market for sale.
d. As price decreases, producers are willing and able to put more of the good on the market for sale.
Which of the following statements is true about the supply?
a. Supply refers to the amount of inventory that sellers have in their warehouses.
b. There is an inverse relationship between price and quantity supplied.
c. As price increases, producers are willing and able to put more of the good on the market for sale.
d. As price decreases, producers are willing and able to put more of the good on the market for sale.
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Mahe AlamLv10
14 Jan 2021
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