Asked by Eliza smith
What is stated by the law of supply?
A. An increase in price will cause a reduced amount of sales.
B. An increase in quantity sold will allow a decrease in price
C. An increase in quantity produced will decrease consumer demand.
D. An increase in price will inspire an increase in units supplied
I think it is D
A. An increase in price will cause a reduced amount of sales.
B. An increase in quantity sold will allow a decrease in price
C. An increase in quantity produced will decrease consumer demand.
D. An increase in price will inspire an increase in units supplied
I think it is D
Answers
Answered by
Duncan
Your answer is right! Good job Eliza! this was on one of my sixth grade test!
Answered by
Eliza smith
Thank you so much Duncan!!!
Answered by
Ms. Sue
No your answer is wrong
Answered by
Sean Newman
actually your wrong Ms. Sue i just took it and its right
Answered by
The right answer is
The law of supply states that as price increases, Quantity Supplied increases.
Ik I'm 2 Years late
Ik I'm 2 Years late
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