📊 MicroEconomics, Theory and Applications 1
Q. The law of supply states that an increase in the price of a good:
  • (A) none of these answers.
  • (B) increases the quantity supplied of that good.
  • (C) decreases the demand for that good.
  • (D) decreases the quantity demanded for that good.
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✅ Correct Answer: (B) increases the quantity supplied of that good.

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