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Question
The producers prefer to supply more when prices are ______.
Options
Low
High
Negative
Positive
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Solution
The producers prefer to supply more when prices are high.
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RELATED QUESTIONS
The relationship between the price of a commodity and the supply of commodity is
Examine the Law of Variable Proportions with the help of a diagram.
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Law of supply states that ______.
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Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
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