When the price of good X increases, a. the supply curve for good X will shift to the right. b. the quantity supplied of good X will increase. c. the quantity supplied of good X will decrease. d. the supply curve for good X will shift to the left.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Process
Section: Chapter Questions
Problem 12CQ
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When the price of good X increases,
a. the supply curve for good X will shift to the right.
b. the quantity supplied of good X will increase.
c. the quantity supplied of good X will decrease.
d. the supply curve for good X will shift to the left.
Transcribed Image Text:When the price of good X increases, a. the supply curve for good X will shift to the right. b. the quantity supplied of good X will increase. c. the quantity supplied of good X will decrease. d. the supply curve for good X will shift to the left.
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