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

question 284

Multiple Choice

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

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

---

Definitions:

Communism

Is a social and economic system in which property is owned by public bodies; government planning, not the market, determines production and distribution.

German Nazism

A totalitarian ideology and movement led by Adolf Hitler and the National Socialist German Workers' Party, emphasizing nationalism, racism, and the leadership principle, and leading to World War II and the Holocaust.

Excess Capacity

A situation where a company or economy can produce more goods or services than currently demanded, leading to underutilized resources.

Personal Choice

The freedom of individuals to make decisions for themselves, based on personal preferences, beliefs, or values, without external coercion or limitation.