Solved

Which of the Following Demonstrates the Law of Supply

Question 214

Multiple Choice

Which of the following demonstrates the law of supply?


A) When leather became more expensive, belt producers decreased their supply of belts.
B) When car production technology improved, car producers increased their supply of cars.
C) When sweater producers expected sweater prices to rise in the near future, they decreased their current supply of sweaters.
D) When ketchup prices rose, ketchup sellers increased their quantity supplied of ketchup.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents