Quantity Supplied Increases When the Price of a Good Increases

question 281

Multiple Choice

Quantity supplied increases when the price of a good increases because

• A)producers find it more profitable to make the item.
• B)potential buyers "drop out" of the market, so the good becomes more abundant.
• C)as demand decreases with a high price, surpluses appear.
• D)All of these responses are correct.

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Definitions:

Social Performance

A measure of an organization’s ability to meet its social objectives, reflecting its impact on stakeholders, communities, and society as a whole.

Entrepreneurial Action

The initiative taken by entrepreneurs to launch new businesses or ventures, often in the face of risk, to capitalize on opportunities.

Right Mindset

The ideal mental attitude that allows individuals to face challenges, overcome obstacles, and achieve success.

Survival Rate

The percentage of individuals or entities that continue to exist or function after a specified period of time or after a particular event.