QUESTION 11 Which of the following statements is false? OA A change in the supply of an item will cause a change in its price, but a change in the price of an item will not cause a change in its supply O When the supply curve for an item shifts to the right, ceteris paribus, it will cause the price of that item to go up. OC There is a direct (positive) relationship between price and quantity supplied. OD When the price of an item goes down, ceteris paribus, the quantity supplied will go down, but the supply will not change.
QUESTION 11 Which of the following statements is false? OA A change in the supply of an item will cause a change in its price, but a change in the price of an item will not cause a change in its supply O When the supply curve for an item shifts to the right, ceteris paribus, it will cause the price of that item to go up. OC There is a direct (positive) relationship between price and quantity supplied. OD When the price of an item goes down, ceteris paribus, the quantity supplied will go down, but the supply will not change.
Chapter4: Supply And Demand: An Initial Look
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