The law of supply then implies that a ---the supply curve occurs due to a change in market price.
3 answers
A movement along the supply curve occurs due to a change in market price.
Which of the following is consistent with the law of​ supply?
Part 2
A.
A reduction
of the price of salt led to a 5 percent increase
in the quantity of salt consumed.
B.
A decline in labor productivity leads to fewer apartment buildings being constructed.
C.
An increase in the market price of MP 3 players
causes an increase in the production of MP 3 players
.
D.
Fewer
passengers chose to travel by airplane after an airline disaster
.
Part 2
A.
A reduction
of the price of salt led to a 5 percent increase
in the quantity of salt consumed.
B.
A decline in labor productivity leads to fewer apartment buildings being constructed.
C.
An increase in the market price of MP 3 players
causes an increase in the production of MP 3 players
.
D.
Fewer
passengers chose to travel by airplane after an airline disaster
.
C. An increase in the market price of MP3 players causes an increase in the production of MP3 players.
This answer is consistent with the law of supply, which states that as the price of a good or service increases, the quantity supplied by suppliers also increases.
This answer is consistent with the law of supply, which states that as the price of a good or service increases, the quantity supplied by suppliers also increases.
1 answer