D. An increase in the market price of MP3 players causes an increase in the production of MP3 players.
This is consistent with the law of supply, as according to the law of supply, when the price of a good or service increases, the quantity supplied increases as well.
Which of the following is consistent with the law of supply?
Part 2
A.
Fewer
passengers chose to travel by airplane after the terrorist strikes of 9 divided by 11
.
B.
The state of California
has less grape
regulation than New York
,
and grape
production is lower in New York
.
C.
A reduction
of the price of salt, led to a 5 percent increase
in the quantity of salt consumed.
D.
An increase in the market price of MP 3 players
causes an increase in the production of MP 3 players
.
1 answer