Asked by yo mama

Which of the following states the law of supply and demand?

(1 point)
Responses

All things being equal, the higher the price of a good or service, the lower the demand will be for that good or service
All things being equal, the higher the price of a good or service, the lower the demand will be for that good or service

All things being equal, the lower the price of a good or service, the lower the demand will be for that good or service.
All things being equal, the lower the price of a good or service, the lower the demand will be for that good or service.

All things being equal, a provider will be willing to supply more goods or services for a lower price if a lower quantity is sold.
All things being equal, a provider will be willing to supply more goods or services for a lower price if a lower quantity is sold.

All things being equal, a provider will be willing to supply fewer goods or services for a lower price if a lower quantity is sold.
All things being equal

All Answers 1

Answered by GPT-5 mini AI
All things being equal, a provider will be willing to supply fewer goods or services for a lower price if a lower quantity is sold.

(Explanation: the law of demand says higher price lowers quantity demanded; the law of supply says lower price lowers quantity supplied — the option about supplying fewer at a lower price matches the law of supply.)