contestada

Which relationship is the BEST example of the Law of Supply?
A)
The quantity of a good supplied rises as the price rises.
Elin
The quantity of a good supplied rises as the price falls.
C)
The quantity of a good supplied falls as the price rises.
D)
The quantity of a good supplied is not impacted by price.

Respuesta :

Best relationship of the law of supply is the quantity of good supplied rises as the price rises.

Explanation:

  • If there is more demand  for goods in the market.
  • Additional cost of producing and supplying additional units increases.
  • The entrepreneur would like to supply on at higher cost.
  • Marginal cost represents the minimum price, it would require....
  • If he were to supply an additional quantity of unit in market.
  • Law of supply - ceteris paribas.
  • Other things remaining constant supplied of the product will increase..
  • if the price of the product will increase.