8
QuizMultiple Choice

Supply

Question 8 • FL-2106010-M/J Civics B

According to the law of supply, when the price of a good increases the quantity supplied is __________.

Answer
A
stopped
B
decreased
C
increased
D
unchanged

Explanation

The law of supply says that, all else being equal, producers are willing to supply more of a good when its price rises. Therefore, the quantity supplied is increased, which is choice C.

AI-written and checked against the verified answer.

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