which of the following statements is true? question 2 options: the law of demand implies that an increase in the price of a good will decrease the demand for that good. the law of supply implies that an increase in the price of a good will increase the quantity supplied of that good. a change in a non-price determinant of demand will result in movement along a given demand curve. an increase in supply is reflected graphically as a leftward shift of the supply curve.
