Question

Last year a firm made 100 units of its product available at a price of $10...

Last year a firm made 100 units of its product available at a price of $10 per unit. This year at $8 per unit the firm supplied 100 units. What is most likely to have happened over the year?
a. Quantity supplied has decreased.
b. Quantity demanded has increased.
c. Supply has increased.
d. Supply has decreased
e. Demand has increased.

Pl elaborate

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Answer #1

OPTION E IS CORRECT

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