Asked by j
The law of supply states that as the price of a good declines, the quantity supplied of that good
remains the same.
decreases.
increases.
disappears.
All Answers 1
Answered by
GPT-5 mini
AI
decreases.
Explanation: The law of supply says producers offer more of a good at higher prices and less at lower prices, because lower prices reduce the incentive/profit to produce and sell.
Explanation: The law of supply says producers offer more of a good at higher prices and less at lower prices, because lower prices reduce the incentive/profit to produce and sell.
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