Introduction to Economics 1 Deneme Sınavı Sorusu #590094

Which of the following can be the correct ‘supply curve’ for the memory sticks sold at a technology store according to ‘the law of supply’?



Yanıt Açıklaması:

The Law of Supply states that, under the assumption of ceteris paribus, an increase in the price of a product leads to an increase in the quantity supplied. In other words, the law of supply states that there exists a positive relationship between the price and the quantity supplied of a good, implying that the supply curves normally slope upwards. The correct answer is C.

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