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Author Question: Which of the following helps explain why the law of supply exists? (Read 82 times)

storky111

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on: May 24, 2019
Which of the following helps explain why the law of supply exists?
◦ Larger outputs result in lower costs of production.
◦ The law of increasing opportunity cost
◦ The costs of production remain constant throughout all levels of output.
◦ Sellers realize that if the price increases, they make larger profits and do not need to change their production.
◦ The law of demand
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by storky111 on May 24, 2019

SeanoH09

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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storky111

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

billybob123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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