An Increase in Price Will Lead to an Increase in Quantity

question 43

Multiple Choice

An increase in price will lead to an increase in quantity supplied. This statement is

• A) the law of supply.
• B) the law of demand.
• C) untrue always.
• D) a normative statement.

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Definitions:

Charitable Activities

Volunteer or donation-based efforts conducted by individuals or organizations to support causes and help those in need.

Community

A group of people living in the same place or having a particular characteristic in common.

Community-Minded

Having an awareness of the interests and needs of the local community and actively seeking to contribute positively to its welfare.

National Conference

A large meeting focusing on a particular subject or field, gathering specialists and interested parties from across the country.