Question

If all other factors are equal, what will happen to the supply of a product if the price goes up?
A.
The supply will increase.
B.
The supply will decrease.
C.
The demand will increase.
D.
The competition will decrease.


Please select the best answer from the choices provided

A
B
C
D

Answer 1

A — The supply (quantity supplied) will increase when the price rises, all else equal (law of supply).