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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

“If the price of apples rises, the supply of apples will rise.” True or false? Explain your answer.

To determine

Explain whether the given statement is true or false.

Explanation

“If the price of apple rises, the supply of apple will rise” is a false statement. The reason is, if the price of apple rises, not the supply of apple but the quantity of apple will rise...

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