Which Statement Is True About Supply

question 108

Multiple Choice

Which statement is true about supply?

• A) There is an inverse relationship between price and quantity supplied.
• B) Supply refers to the amount of inventory that sellers have in their warehouses.
• C) As price decreases, producers are willing to put more of the good on the market for sale.
• D) To entice producers to offer more of a good on the market for sale, price must rise.

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