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L08 EYU 1

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1. The law of supply says that the quantity supplied of cigarettes decreases when the
price of cigarettes increases, all else constant.
1 point

True
False

2. The law of supply says that the quantity supplied of cigarettes falls to zero when the
price of cigarettes decreases, all else constant.
1 point

True
False

3. The law of supply means that the a supply curve


1 point

has a positive slope.


has a negative slope.
is a horizontal line.
is a vertical line.

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