Asked by j
The law of supply demonstrates the behaviors of producers when they
change their company’s name.
decide to hire fewer workers.
supply goods to consumers.
launch a new marketing campaign.
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supply goods to consumers.
The law of supply describes producers' behavior in offering goods for sale: as the price of a good rises, producers will supply more of it (and supply less when the price falls), holding other factors constant. The other choices (changing a company name, hiring fewer workers, launching a marketing campaign) are specific actions that may affect supply or demand but are not what the law of supply describes.
The law of supply describes producers' behavior in offering goods for sale: as the price of a good rises, producers will supply more of it (and supply less when the price falls), holding other factors constant. The other choices (changing a company name, hiring fewer workers, launching a marketing campaign) are specific actions that may affect supply or demand but are not what the law of supply describes.
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