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The Basics of Supply
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Problem 10
The Basics of Supply
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3. Supply and Demand / The Basics of Supply / Problem 7
Problem 7
Why is the relationship between price and quantity supplied considered directly proportional?
A
Because as price decreases, the quantity supplied remains constant.
B
Because as price decreases, the quantity supplied increases.
C
Because as price increases, the quantity supplied decreases.
D
Because as price increases, the quantity supplied also increases.
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