Which Statement Is True About Supply

question 108

Multiple Choice

Which statement is true about supply?

• A) There is an inverse relationship between price and quantity supplied.
• B) Supply refers to the amount of inventory that sellers have in their warehouses.
• C) As price decreases, producers are willing to put more of the good on the market for sale.
• D) To entice producers to offer more of a good on the market for sale, price must rise.

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Definitions:

Vena Cava

A large vein carrying deoxygenated blood into the heart; divided into the superior and inferior vena cava.

Aorta

The largest artery in the body, originating from the left ventricle of the heart and extending down to the abdomen.

Tissue

A group of cells that have similar structure and function together as a unit in an organism.

Epigastric Region

The upper central region of the abdomen located above the belly button and between the ribcages.