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Business, 16.03.2020 18:51 daphnewibranowsky
Why is price directly related to quantity supplied? As price rises, suppliers rearrange their activities to supply more of a substitute good in order to take advantage of the higher price. As price rises, suppliers rearrange their activities to supply more of that good in order to take advantage of the higher price. As price rises, consumers substitute other goods whose price has not risen. As price falls, suppliers rearrange their activities to supply more of that good in order to take advantage of the lower price.
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