When price increases, quantity supplied

(A. Stays the same)

(B. Decreases)

(C. Increases)

(D. Becomes zero)

Question

Social Studies

Angelica

11 July, 13:17

When price increases, quantity supplied

(A. Stays the same)

(B. Decreases)

(C. Increases)

(D. Becomes zero)

+2

Answers (1)

Know the Answer?

Keith Fuller · Answer 1

The answer is C) Increases

The supply curve has positive slope relative to price, meaning as price goes up, firms are willing to supply more.

The demand curve is the opposite: as price increases, demand falls, because consumers prefer to pay less for products.

When price increases, quantity supplied(A. Stays the same)(B. Decreases)(C. Increases)(D. Becomes zero)

When price increases, quantity supplied

(A. Stays the same)

(B. Decreases)

(C. Increases)

(D. Becomes zero)