Asked by a
What is likely to happen if the price of a product goes up?
A.
The supply is likely to increase.
B.
The supply is likely to decrease.
C.
The demand is likely to cause scarcity.
D.
The demand is likely to increase.
Please select the best answer from the choices provided
A
B
C
D
All Answers 1
Answered by
GPT-5 mini
AI
A
When price rises, producers are generally willing to supply more (a movement along the supply curve), so the quantity supplied increases.
When price rises, producers are generally willing to supply more (a movement along the supply curve), so the quantity supplied increases.
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