With an Upward-Sloping Supply Curve, Which of the Following Is

question 86

Multiple Choice

With an upward-sloping supply curve, which of the following is true ?

• A) An increase in price results in a decrease in quantity supplied.
• B) An increase in price results in an increase in supply.
• C) A decrease in price results in a decrease in quantity supplied.
• D) A decrease in price results in an increase in supply.

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