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28 December, 01:40

Select all the correct answers.

Which statements are true according to the law of supply?

A decrease in demand leads to an increase in supply.

U

A decrease in demand leads to a decrease in supply.

An increase in price leads to a decrease in supply.

D

A

decrease in price leads to a decrease in supply.

An increase in price leads to an increase in supply.

+1
Answers (2)
  1. 28 December, 01:48
    0
    Which statements are true according to the law of supply?

    decrease in demand leads to a decrease in supply

    An increase in price leads to a decrease in supply

    Explanation:

    When there is a decrease in demand then the supply needs to be decreased as well, Also the increase in price leads to decrease in supply as the demand will be decreased.
  2. 28 December, 04:57
    0
    fgfdgf

    Explanation:

    fgdfgsfdg
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