Asked by Shayle Lliaban on May 17, 2024
Verified
As price falls,quantity supplied
A) rises.
B) falls.
C) remains the same.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a particular price.
- Identify the impact of price fluctuations on the supply and demand quantities.
Verified Answer
WS
WHITNEY SCOTTMay 22, 2024
Final Answer :
B
Explanation :
As price falls, the quantity supplied typically falls because producers are less willing to supply a good or service at lower prices, making it less profitable for them.
Learning Objectives
- Identify the impact of price fluctuations on the supply and demand quantities.