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2 years ago

Which statement best describes the relationship between price and quantity supplied?

Social Studies

2 answers:

never [62]2 years ago

7 0

Answer: The correct answer:

A. When prices increase, quantity supplied increases.

Explanation:

Law of supply

AnnZ [28]2 years ago

5 0

The statement that best describes the relationship between price and quantity supplied is A. When prices increase, the quantity supplied increases.

<h3>What is Price?</h3>

This refers to the attached value to a particular product or service that can be bought or purchased for.

Hence, we can see that based on the economic principle of price and quantities supplied, we can note that when prices increase, the quantity supplied increases and this is because of demand and supply.

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