Question

f 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

When price rises (ceteris paribus), suppliers are willing to sell more, so the quantity supplied increases.