Question

According to the law of supply, assuming other factors are held constant a. as the price of milk increases, the quantity of milk purchased by consumers will decrease. b. as the price of milk decreases, the quantity of milk supplied will decrease. c. as the supply for milk increases, the price of milk will also increase. d. as the price of milk increases, the quantity of milk supplied will decrease.

Answer 1

Answer:

C. as the supply for milk increases, the price of milk will also increase