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4 November, 18:54

If price rises, what happens to supply for a product? Group of answer choices a. It does not change. b. Uncertain-economic theory has no answer to this question. c. It increases. d. It decreases.

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  1. 4 November, 19:56
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    c. It increases.

    Step-by-step explanation:

    The Law of Supply and Demand states that:

    The higher the prices, the higher the supply, the lower the demand. This means that at a higher price, sellers will try to sell more of the product (increasing supply), but buyers will buy less of this product (decreasing demand).

    So the correct answer is:

    c. It increases.
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