Question: Last year a firm made 1,000 units of its <a href=product available at a price of $5 per unit. This year t…” />Question: Last year a firm made 1,000 units of its product available at a price of $5 per unit. This year t...Question: Last year a firm made 1,000 units of its product available at a price of $5 per unit. This year t...Question: Last year a firm made 1,000 units of its product available at a price of $5 per unit. This year t...

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Show transcribed image text Last year a firm made 1,000 units of its product available at a price of $5 per unit. This year the firm will still make 1,000 units available, but only if the price is $7 per unit. What is most likely to have happened? a. Quantity supplied has increased b. Supply has decreased C. Supply has increased d. Quantity supplied has decreased e. Demand has increased 4.

Last year a firm made 1,000 units of its product available at a price of $5 per unit. This year the firm will still make 1,000 units available, but only if the price is $7 per unit. What is most likely to have happened? a. Quantity supplied has increased b. Supply has decreased C. Supply has increased d. Quantity supplied has decreased e. Demand has increased 4.

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