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Answer to Question #189225 in Microeconomics for Mthobisi
Question #189225
An increase in supply: (2)
(a) Indicates that more is supplied at higher prices.
(b) Indicates that more is supplied at lower prices.
(c) Indicates that more is supplied at all prices.
(d) The demand curve will become more inelastic.
Expert's answer
(c) Indicates that more is supplied at all prices.
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