If the price of the other good rises, the supply of the good in question will fall. |
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| Have you heard? Coca-cola will raise the price of its regular coke. | |
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| I see. Does that mean they will also increase the price of diet coke? | |
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As the price of the product rises (falls), the quantity supplied will rise (fall). |
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| Not really. But they will probably produce less of Diet Coke and more of regular Coke. | |
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| So, you mean that if the price of the product rises, then the quantity supplied will rise, too? | |
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| Yes, that's right! | |
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| I see. | |
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