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Question
A change in quantity supplied
a. is represented by a shift in the supply curve.
b. is represented by a movement along the supply curve.
c. happens only when the price increases.
d. happens only when the price decreases.
e. is positive if the price of the good decreases.
Answer
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Related questions
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What is the long-run consequence of a price ceiling law?
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Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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Q:
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