Answer to Question #232086 in Economics of Enterprise for icesis

Question

The law of supply states that as price increases, ceteris paribus, _____.(1 point)

• supply decreases
• supply decreases
• supply increases
• supply increases
• quantity supplied increases
• quantity supplied increases
• quantity supplied decreases
• quantity supplied decreases

Answer 1

quantity supplied increases

This comes as people with prefer purchasing ceteris paribus, which will raise its demand. The company supply the ceteris paribus will be entitled to increase its supply within the industry based on demand.