Question
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
Duncan
Your answer is right! Good job Eliza! this was on one of my sixth grade test!
Eliza smith
Thank you so much Duncan!!!
Ms. Sue
No your answer is wrong
Sean Newman
actually your wrong Ms. Sue i just took it and its right
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