Social Studies, 10.11.2020 17:00 ajm1132005
1) Which answer choice correctly states the relationship between product price and quantity supplied?
A)
As price increases, quantity supplied increases.
B)
As price increases, quantity supplied decreases.
Eliminate
C)
If prices remain stable, quantity supplied will increase.
D)
If prices remain stable, quantity supplied will decrease.
2) Which of the following illustrates the inverse relationship between price and quantity demanded of a particular good?
A)
As the price of the good decreases, the quantity of the good demanded
decreases.
B)
As price of the good decreases, the quantity of the good demanded
increases
C)
If the price of the good remains stable, the quantity of the good demanded
will increase
D)
If the price of the good remains stable, the quantity of the good supplied
will decrease.
Please help me with this
Answers: 2
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1) Which answer choice correctly states the relationship between product price and quantity supplied...
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