What event would most likely cause an increase in sales? (1 point) Responses decrease in price decrease in price increase in price increase in price decrease in product quality decrease in product quality increase in quantity produced
2 answers
An event that would most likely cause an increase in sales is a decrease in price.
What is stated by the law of supply? (1 point) Responses An increase in price will cause a reduced amount of sales. An increase in price will cause a reduced amount of sales. An increase in quantity sold will allow a decrease in price. An increase in quantity sold will allow a decrease in price. An increase in quantity produced will decrease consumer demand. An increase in quantity produced will decrease consumer demand. An increase in price will inspire an increase in units supplied.
1 answer