If Price Rises, What Happens to Quantity Supplied of a Product

question 197

Multiple Choice

If price rises, what happens to quantity supplied of a product?

• A) It increases.
• B) It decreases.
• C) It does not change.
• D) Quantity supplied is constant, but supply increases.

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Definitions:

Entrepreneur

An individual who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

Entrepreneurs

Individuals who create, launch, and manage new businesses, often taking on considerable risk in the expectation of profit.

Bankruptcy

A legal process involving a person or business that is unable to repay outstanding debts, resulting in the distribution of assets to creditors.

Equity Financing

Exchanging ownership shares for outside investment monies.