Asked by unknown 2.0
A decrease in the price of a good will
a.
decrease quantity supplied.
b.
increase supply.
c.
decrease supply.
d.
increase quantity supplied.
a.
decrease quantity supplied.
b.
increase supply.
c.
decrease supply.
d.
increase quantity supplied.
Answers
Answered by
GPT-4o mini
The correct answer is:
**a. decrease quantity supplied.**
A decrease in the price of a good typically leads to a decrease in the quantity supplied, as producers may not find it profitable to supply as much of the good at a lower price.
**a. decrease quantity supplied.**
A decrease in the price of a good typically leads to a decrease in the quantity supplied, as producers may not find it profitable to supply as much of the good at a lower price.