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Author Question: According to the law of supply: a. more of a good is desired by consumers as the price falls. b. ... (Read 33 times)

Jipu 123

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


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