Which One of the Following Statements Is FALSE

question 339

Multiple Choice

Which one of the following statements is FALSE?

• A) There is an inverse (negative) relationship between product price and quantity supplied.
• B) There is some price at which quantity supplied of a product is zero.
• C) As product price increases, producers are willing to put more of the good on the market for sale.
• D) In order to entice producers to offer more of a product on the market for sale, product price must rise.

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Definitions:

Employee Welfare

Programs and practices within an organization aimed at maintaining and improving the well-being and satisfaction of its employees.

Good Conditions

A term used to describe favorable or optimal circumstances or qualities, often related to products or environments.

Core Value

A fundamental belief or principle that is considered inherently important by an organization, guiding its behavior and actions.

Sales Revenue

The sum of all revenue generated from selling products or services prior to deducting any costs.