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Question
How does the market supply reflect the law of supply?
a. As the price increases, each and every seller sells a larger quantity of the product.
b. As the price decreases, each and every seller sells a larger quantity of the product.
c. As the price increases, each and every seller initially sells a larger quantity of the product but eventually sells less.
d. As the price decreases, each and every seller initially sells a larger quantity of the product but eventually sells more.
e. The market supply curve does not reflect the law of supply.
Answer
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Related questions
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