In Reference to Exhibit 3-5, Assume the Price of Tucker's

question 123

Multiple Choice

In reference to Exhibit 3-5, assume the price of Tucker's Cola is $1.00 per gallon. If the price were to rise to $3.00 per gallon, and all other factors, such as taxes, etc. remained constant, the result would be a(n) :

• A) decrease in supply.
• B) increase in supply.
• C) decrease in quantity supplied.
• D) increase in quantity supplied.

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