A. producers pay high taxes
B. two commodities can be supplied at the same time
C. at a lower price less is supplied
D. at a lower price more is supplied and demanded
Correct Answer: Option C
C. at a lower price less is supplied
Explanation
In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related (i.e., as the price of a commodity increase in the market, the amount supplied increases, and at a lower price, supply decreases).
300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…
300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…
300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…
300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…
300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…
300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…