Ask Question
BusinessBusiness
8 April, 19:14

An increase in the price of a good will a. increase supply. b. decrease supply. c. increase quantity supplied. d. decrease quantity supplied.

+4
Answers (1)
  1. 8 April, 22:51
    0
    Answer: c. Increase in quantity supplied.

    Explanation: an increase in the price of a good would lead to an increase in the quantity of the good supplied. This follows the fundamental economic theory of supply or the law of supply which states that all else being equal, an increase in the price of good and services would lead to a corresponding increase in the quantity of the good or services supplied. This is quite true and the rationale behind it is the potential increase in returns per unit of good sold to the supplier as a result of the increase in price.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An increase in the price of a good will a. increase supply. b. decrease supply. c. increase quantity supplied. d. decrease quantity ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On january 1, 2016, your sister's pet supplies business obtained a 30-year amortized mortgage loan for $250,000 at a nominal annual rate of 7.0%, with 360 end-of-month payments. the firm can deduct the interest paid for tax purposes.
Answers (1)
Limonelle corporation owns the secret formula for a popular beverage brand, limonelle. the corporation operates through franchises in over 50 countries.
Answers (1)
ABC Interior Designs wants to collect research data about which areas of the store attract the most customer attention through video recording devices placed throughout the store. This is an example of mechanical observation.
Answers (1)
Flagg, inc. records adjusting entries at its december 31 year end. at december 31, employees had earned $12,000 of unpaid and unrecorded salaries. the next payday is january 3, at which time $30,000 will be paid.
Answers (1)
A manufacturing firm purchased used equipment for $135,000. The original owners estimated that the residual value of the equipment was $10,000. The carrying amount of the equipment was $120,000 when ownership transferred.
Answers (1)
New Questions in Business
Which of the following best describes how consumers let producers know what they want to buy and how much they're willing to pay? O A. The purchases consumers make indicate their desires to producers. O B.
Answers (2)
Listing agreements Must be in writing. Are not legally binding. Are unilateral employment contracts. Create an agency relationship.
Answers (1)
Josh is walking to ben hill griffin stadium on gameday when a coca-cola representative offers him and his friends free cans of their new and improved cherry coke. what element of the promotional mix is coca-cola using?
Answers (1)
In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elasticity of demand that will be less than it was in the short run.
Answers (1)
The government determines prices for goods and services in what kind of economy?
Answers (2)
Home » Business » An increase in the price of a good will a. increase supply. b. decrease supply. c. increase quantity supplied. d. decrease quantity supplied.
Sign Up Forgot Password?