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An increase in price leads to A) no change in quantity supplied B) a decrease in supply C) a change in quantity supplied, but we cannot tell if it would be positive or negative …

An increase in price leads to A) no change in quantity supplied B) a decrease in supply C) a change in quantity supplied, but we cannot tell if it would be positive or negative …
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18 votes
An increase in price leads to

A) no change in quantity supplied

B) a decrease in supply

C) a change in quantity supplied, but we cannot tell if it would be positive or negative

D) an increase in quantity supplied

User Beatrice Lin
by
7.7k points

1 Answer

5 votes
The answer is B: a decrease in supply
User Justin Love
by
7.9k points
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