Which of the following statements is/are true? a) A change in supply of a good is the result of a change in its price b) A change in supply may be caused by a change the cost of production of the good c) A change in quantity supplied is always caused by a change in an exogenous vari d) All of the above e) Only (a) and (b) are true

Survey of Economics (MindTap Course List)
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ISBN:9781305260948
Author:Irvin B. Tucker
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Chapter4: Markets In Action
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QUESTION 12
12. Which of the following statements is/are true?
a) A change in supply of a good is the result of a change in its price
b) A change in supply may be caused by a change the cost of production of the good
O c) A change in quantity supplied is always caused by a change in an exogenous variable
d) All of the above
O e) Only (a) and (b) are true
Transcribed Image Text:QUESTION 12 12. Which of the following statements is/are true? a) A change in supply of a good is the result of a change in its price b) A change in supply may be caused by a change the cost of production of the good O c) A change in quantity supplied is always caused by a change in an exogenous variable d) All of the above O e) Only (a) and (b) are true
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