The law of supply states that
A) producers are legally required to make necessary items available in the marketplace.
B) there is a positive relationship between price and quantity supplied, ceteris paribus.
C) producers should only sell the items when the price is right.
D) producers should only produce what they can sell.
Question 2
Refer to the scenario above. This implies that the country experienced a ________ during that year.
A) trade deficit B) budgetary surplus C) budgetary deficit D) trade surplus
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