What does the expression "↓P results in ↓Qs" imply?
A) As price falls, supply falls.
B) As price increases, supply rises.
C) As price falls, quantity supplied falls.
D) As price increases, supply increases.

Question

Quizplus · Accepted Answer

The expression "↓P results in ↓Qs" means that as the price (P) decreases (↓), the quantity supplied (Qs) decreases (↓) as well. This is a direct relationship between price and quantity supplied, indicating that lower prices lead to a lower quantity of goods being supplied.

What Does the Expression "↓P Results in ↓Qs" Imply