If the price of flash memory cards increases, then there will be _____ of flash memory cards

Economics Dec 10, 2020

If the price of flash memory cards increases, then there will be _____ of flash memory cards.

a decrease in the supply

b. a decrease in the quantity supplied

c. an increase in the quantity supplied

d. an increase in the supply

Expert Solution

The correct answer is c. an increase in the quantity supplied

In a supply curve, an increase in the price of a good increase, the quantity supplied will increase as well. Sellers are taking advantage of higher prices to increase the production of goods in order to maximize profit.

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