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Q: When the selling price of a good goes up, what is the relationship to the quantity supplied? a. The cost of production goes down. b. The profit made on each item goes down. c. It
becomes practical to produce more goods. d. There is no relationship between the two.
A: When the selling price of a good goes up, what is the relationship to the quantity supplied? c. It becomes practical to produce more goods.
Expert answered|alfred123|Points 5361|
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Asked 12/29/2013 9:06:19 AM
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Questions asked by the same visitor
Which word can be used twice to BEST complete this sentence? When supply ____, prices fall, and quantity demanded ____ to reach a new equilibrium. a. increases c. levels b. decreases d. reverses
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Not Answered
Updated 12/3/2016 2:16:40 AM
1 Answer/Comment
When supply increases, prices fall, and quantity demanded increases to reach a new equilibrium.
Added 12/3/2016 2:16:40 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [12/5/2016 8:30:52 AM]
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