An increase in the price of a product p along with an, Business Economics

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An increase in the price of a product p along with an

1. An increase in the price of a product (P), along with an increase in the price of an input factor (PI), is certain to lead to an increase in quantity supplied (Q^S). Indicate whether you believe the statement is True or False, and then briefly explain your answer.

2. An increase in the dollar amount of fixed costs increases marginal cost. Indicate whether you believe the statement is True or False, and then briefly explain your answer.

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Business Economics: An increase in the price of a product p along with an

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