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6. Three months ago, the price of a good was $4, and the quantity supplied was 200 units. Today, the price is $6, and the quantity supplied is 400 units. Did the quantity supplied rise because the price
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36 votes
36 votes
6. Three months ago, the

price of a good was $4,
and the quantity supplied
was 200 units. Today,
the price is $6, and the
quantity supplied is 400
units. Did the quantity
supplied rise because the
price increased, or did
the price rise because
The quantity supplied increased

User Praveesh
by
2.5k points

1 Answer

14 votes
14 votes

Answer:

The quantity supplied increased due to price rise. This is because of law of supply.

Step-by-step explanation:

the quantity supplied rose because the price increased.

if the supplied quantity increased, with demand as it was, the price would fall.

User Zo Has
by
2.5k points
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