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Economics
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13 Apr 2021

The relationship between quantity supplied and the price is:

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Joshua Stredder
Joshua StredderLv10
14 Apr 2021
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Related questions

A vertical supply curve represents:

a. an inverse relationship between price and quantity supplied.

b. an independent relationship between price and quantity supplied.

c. an independent relationship between price and supply.

d. a direct relationship between price and quantity supplied.

e. a direct relationship between price and supply.

According to the law of supply, there is a

a) negative relationship between price and the quantity of a good supplied.

b) positive relationship between price and the quantity of a good supplied.

c) negative relationship between price and the change in supply.

d) positive relationship between price and the change in supply.Ā 

which of the following is true about the relationship between price and quantity supplied?
Ā 
A) there is always an inverse relationship.
B) more is supplied at lower prices.
C) there is a direct relationship between price and quantity supplied.
D) producers work harder and sell more when the price decreases.
E) it is always true that a higher price leads to a decrease in quantity supplied.

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