A change in the price of a good typically causes___________for that specific good or service
a new equilibrium
a change along the supply curve
the supply curve to shift
a decreased demand
8. The law of supply:
A) reflects the amounts that producers will want to offer at each price in a series of prices.
B) is reflected in a downsloping supply curve.
C) shows that the relationship between producer revenue and quantity supplied is negative.
D) reflects the income and substitution effects of a price change.