Answers 2027 Ignite Financial Literacy-Personal Finance - EL3403 The Law of Supply and DemandQuestion 1

1

AssignmentMultiple Choice

The Law of Supply and Demand

Question 1 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

The price of blue widgets rises to $6.Assuming that all other factors remain the same, how should the factory respond to this increase of price?

Answer

A

by decreasing the number of blue widgets supplied

B

by increasing the number of blue widgets supplied

C

by increasing the number of green widgets supplied

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