If firms do not increase their quantity supplied when price changes, then supply is ________.

What happens when supply and demand both increase?A.Quantity increases.B.Quantity decreases.C.Price increases.D.Price decreases.

What has happened when the quantity supplied decreases?A.Price has increased.B.Supply has increased.C.Supply has decreased.D.Price has decreased.

Which of these results in an increase in both price and quantity?A.A demand increaseB.A supply increaseC.A demand decreaseD.A supply decrease

Which type of movement would lead to an increase in quantity and an increase in price?A.Quantity demanded increaseB.Supply decreaseC.Demand decreaseD.No changeE.Quantity supplied increase

Which of the following best describes the Law of Supply?As price decreases, quantity supplied increasesAs price increases, quantity supplied decreasesAs price increases, quantity supplied increasesPrice has no effect on quantity supplied