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which of the following can be expected if the price of a good increases…

Question

which of the following can be expected if the price of a good increases? supply will decrease quantity supplied will decrease quantity supplied will increase demand will increase

Explanation:

Brief Explanations

This question relates to the law of supply, which states that, ceteris paribus, as the price of a good increases, the quantity supplied of that good increases (this is a movement along the supply curve, not a shift in the entire supply curve). A change in price does not shift the supply or demand curve, and higher prices do not reduce quantity supplied or increase demand.

Answer:

quantity supplied will increase