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Question
The law of supply states that, all other things being equal,
a. the quantity supplied falls when the price falls, and the quantity supplied rises when the price rises.
b. the quantity supplied falls when the price rises, and the quantity supplied rises when the price falls.
c. the supply falls when the price falls, and the demand rises when the price rises.
d. the supply falls when the price rises, and the demand rises when the price falls.
e. price and quantity are always negatively correlated.
Answer
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Related questions
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