Question on: JAMB Economics - 2023
The law of supply states that, other things being constant, as price increases
A
Supply increases
B
Supply decreases
C
Quantity supplied increases
D
Quantity supplied decreases
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Correct Option: C
The law of supply states that, other things being constant, as the price increases, the quantity supplied increases. Option C correctly identifies the relationship between price and quantity supplied according to the law of supply.
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