If the price of a good increases, the quantity supplied will
A)increase.
B)decrease.
C)not change.
D)quantity supplied is unchanged, but the supply will increase.

Name: If the price of a good increases, the quantity supplied will A)increase. B)decrease. C)not change. D)quantity supplied is unchanged, but the supply will increase.
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Question

Quizplus · Accepted Answer

According to the law of supply, if the price of a good increases, producers are willing to supply more of it, hence the quantity supplied increases.

If the Price of a Good Increases, the Quantity Supplied