A simple supply curve shows that an increase in the price of a good will cause the quantity supplied to
A) decrease.
B) increase.
C) remain constant.
D) fluctuate randomly around its equilibrium value.

Question

Quizplus · Accepted Answer

An increase in the price of a good typically causes the quantity supplied to increase, as suppliers are willing to produce and sell more of the good at higher prices. This is a fundamental principle of supply in economics.

A Simple Supply Curve Shows That an Increase in the Price