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Author Question: According to the law of supply, price and quantity supplied are inversely related, ceteris paribus. ... (Read 84 times)

neverstopbelieb

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on: Jun 30, 2018
According to the law of supply, price and quantity supplied are inversely related, ceteris paribus.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of supply indicates that an increase in price will cause an increase in supply which is reflected graphically as a rightward shift of the supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false


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Silverbeard98

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


neverstopbelieb

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  • Posts: 534
Reply 2 on: Jun 30, 2018
Excellent

helenmarkerine

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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