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Which statement is consistent with the law of supply? a. An increase in market price will lead to an increase in quantity supplied. b. An increase in market price will lead to a decrease in

Which statement is consistent with the law of supply?

a. An increase in market price will lead to an increase in quantity supplied.        

b. An increase in market price will lead to a decrease in quantity supplied.

c. At a zero price, the quantity supplied will be infinite.

d. A reduction in market price will lead to an increase in quantity supplied.

Which statement is consistent with the law of supply?

a. An increase in market price will lead to an increase in quantity supplied.        

b. An increase in market price will lead to a decrease in quantity supplied.

c. At a zero price, the quantity supplied will be infinite.

d. A reduction in market price will lead to an increase in quantity supplied.

Apr 27 2021 View more View Less

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