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Sagot :
When the market value of a good increases, the quantity that sellers are willing to offer for sale increases. This statement is true .
Elaborate:
Prices that are raised normally cause reduced demand while people who are raised typically cause higher supply.Although the impact on the equilibrium quantity can't be determined, an increase in demand and a decrease in supply will result in an increase in the equilibrium price.
Consumers now place a better value on goods, and producers must charge a better price to offer the goods; as a result, prices will rise for all quantities.
What is market price?
The market value is the current price at which a good or service can be purchased or sold. The market value of an asset or service is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the market price.
Learn more about market price:
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