The Law of Supply states that ________.
A) supply creates its own demand
B) the quantity supplied of a good rises when the price rises, all other things remaining constant
C) at the equilibrium price, there is always some excess supply in the market
D) the quantity supplied of a good will always equal the quantity of the good demanded
Correct Answer:
Verified
Q58: Which of the following factors will NOT
Q59: Which of the following pairs of goods
Q60: The market demand is the _ of
Q62: Which of the following is likely to
Q64: Which statement is consistent with the study
Q65: Scenario: Suppose Major League Baseball (MLB) is
Q66: A supply schedule is a table that
Q67: How would the following events affect the
Q68: Which of the following is likely to
Q248: Differentiate between a change in demand and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents