What effect would a change in price of a commodity have on its supply?

a

An increase in supply

b

No change in supply

c

A decrease in supply

d

A change in the quantity supplied

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Correct Option
d

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Discussions (2)

Emeka569
9 years ago

yea correct ans

A.O.J
9 years ago

if d price increases den it wud ave been a excess supply cos d demand is above the equilibrium price and if d price reduces it wil lead to excess demand wich wil result to low rate of supply

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