Which of these statements best represents the law of supply?
A) When input prices increase,sellers produce less of the good.
B) When production technology improves,sellers produce less of the good.
C) When the price of a good decreases,sellers produce less of the good.
D) When sellers' supplies of a good increase,the price of the good increases.
Correct Answer:
Verified
Q13: Which of the following would cause a
Q14: If the price of a good is
Q15: The law of supply states that,other things
Q16: A decrease in quantity supplied
A)results in a
Q17: An increase in the price of a
Q19: "Other things equal,when the price of a
Q20: When the price of a good or
Q21: Which of the following is not held
Q22: A leftward shift of a supply curve
Q23: An increase in supply is represented by
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