« previous next »

Author Question: According to the law of supply: a. more of a good is desired by consumers as the price falls. b. ... (Read 7 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
According to the law of supply:
 a. more of a good is desired by consumers as the price falls.
  b. less of a good is desired by consumers as the price rises.
  c. more of a good will be offered by suppliers as the price rises.
  d. less of a good will be offered by suppliers as the price rises.

Question 2

According to the law of supply:
 a. producers are willing to supply larger amounts of a good as its price increases.
  b. a direct relationship exists between the price of a good and the amount buyers choose to buy.
  c. an inverse relationship exists between the price of a good and the amount buyers wish to buy.
  d. an inverse relationship exists between the price of a good and the amount producers supply.


vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

supply chain supply chain
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ... The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Blood Supply to the Lungs Blood Supply to the Lungs
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Introduction to Genetics

For a complete list of videos, visit our video library