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    Question

    The law of supply states that, other things being

    equal:
    A Supply increases when price decreases Correct Answer Incorrect Answer
    B Supply is fixed regardless of price Correct Answer Incorrect Answer
    C Quantity supplied increases as price increases Correct Answer Incorrect Answer
    D Price has no effect on supply Correct Answer Incorrect Answer

    Solution

    Explanation: According to the law of supply, as the price of a good rises, producers are willing to offer more of it for sale.

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