When Supply Increases, Price Rises and Quantity Demanded Increases

question 62

True/False

When supply increases, price rises and quantity demanded increases.

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Definitions:

Seller's Warranties

Guarantees made by a seller regarding the condition, quality, or title of the goods being sold.

Puffing

An exaggerated or hyperbolic statement made by a seller about the quality of goods, often considered a subjective opinion rather than a factual claim.

Exaggerations

Statements or claims not supported by facts, or the act of making something seem greater or more important than it actually is.

Salesperson

is an individual who sells goods or services, often working on behalf of a company, and is typically compensated via salary, commission, or a combination of both.