Which of the following scenarios describes a business that is NOT following the law of supply?
A) The higher the price of custom-made cakes in the market, the more Manfred is willing to bake and sell cakes.
B) Delilah is less willing to chauffeur people to the airport when the price of airport rides falls.
C) Automobiles fall in price, and Maria's Autorama Ltd. is now willing to sell more vehicles.
D) When the price of car detailing rises, Ermo's Auto Garage hires more workers to do car detailing.
Correct Answer:
Verified
Q2: What is quantity supplied?
A)It is a graph
Q3: (Figure: Spice King Burgers' Supply Curve) Take
Q4: (Figure: Spice King Burgers' Supply Curve) Take
Q5: Why are supply curves typically upward-sloping?
A)They slope
Q6: An upward-sloping supply curve shows that
A)there is
Q8: The accompanying table provides data for five
Q9: Look at the chart which shows data
Q10: When plotting a supply curve
A)the quantity supplied
Q11: The supply curve is upward-sloping because
A)sellers can
Q12: The Rational Rule for Sellers involves applying
A)only
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