Question
The Law of Supply (movement along the curve due to the price effect) occurs because
A) producers usually offer more for sale at lower prices than at higher prices.
B) marginal production costs usually fall at higher rates of production.
C) people can buy only so much of a product.
D) None of the above
I think it's C or D
A) producers usually offer more for sale at lower prices than at higher prices.
B) marginal production costs usually fall at higher rates of production.
C) people can buy only so much of a product.
D) None of the above
I think it's C or D