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.

---

Definitions:

Maximum Amount

The highest limit specified for an action, transaction, or financial account, beyond which one cannot go.

Credit For The Elderly

Credit for the Elderly is a tax credit available to eligible taxpayers aged 65 or older or those who are retired on permanent and total disability and who meet certain income limitations.

Nontaxable Social Security Benefits

Portions of Social Security payments that are not subject to income tax under certain conditions.

Joint Return

Joint Return is a tax filing status that allows married couples to combine their income, exemptions, deductions, and credits on a single tax return.