A producer of automobile batteries notes that the price of batteries has risen over each of the past three years. The firm decides to expand its battery production. This illustrates
the law of supply.
the law of market price.
the law of equilibrium.
the law of demand.
the law of supply and demand.

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The Answer of A producer of automobile batteries notes that the price of batteries has risen over each of the past three years. The firm decides to expand its battery production. This illustrates
the law of supply.
the law of market price.
the law of equilibrium.
the law of demand.
the law of supply and demand.

A Producer of Automobile Batteries Notes That the Price of Batteries