What happens to supplywhen the price of the commodity decreases? A. No change in

Question

What happens to supplywhen the price of the commodity decreases? A. No change insupply, but a movement along the supply curve. B. Supplyincreases.
C. Supplydecreases.
D. Not enoughinformation. What happens to supplywhen the price of the commodity decreases? A. No change insupply, but a movement along the supply curve. B. Supplyincreases.
C. Supplydecreases.
D. Not enoughinformation. A. No change insupply, but a movement along the supply curve. B. Supplyincreases.
C. Supplydecreases.
D. Not enoughinformation. A. No change insupply, but a movement along the supply curve. B. Supplyincreases.
C. Supplydecreases.
D. Not enoughinformation.

Explanation / Answer

A. No change in supply, but amovement along the supply curve. Change in price will change Quantity Supplied, thus the curvedoes not shift, only the position on the curve changes A. No change in supply, but amovement along the supply curve.

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