Which of the Following Is True for the Law of Supply

question 81

Multiple Choice

Which of the following is true for the law of supply?

• A) Buyers decrease the quantity of a good purchased as price increases.
• B) Sellers increase the quantity of a good supplied as price increases.
• C) Price decreases as more units are supplied.
• D) A decrease in price results from more demand.

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Definitions:

Test Anxiety

A form of anxiety experienced before or during test situations, often affecting performance.

Continental Collision

The process where two continental tectonic plates collide, often resulting in mountain building.

Rifting

The process by which the Earth's crust breaks apart, often associated with the formation of new ocean basins and continental breakup.

Continental Crust

The substantially dense segment of Earth's crust which constitutes the major continents, typically being older and more intricate compared to the crust found beneath the oceans.