Which relationship is the BEST example of the Law of Supply?

A)

The quantity of a good supplied rises as the price rises.

Elin

The quantity of a good supplied rises as the price falls.

C)

The quantity of a good supplied falls as the price rises.

D)

The quantity of a good supplied is not impacted by price.

Question

Chemistry

Joseph Blackwell

24 January, 19:46

Which relationship is the BEST example of the Law of Supply?

A)

The quantity of a good supplied rises as the price rises.

Elin

The quantity of a good supplied rises as the price falls.

C)

The quantity of a good supplied falls as the price rises.

D)

The quantity of a good supplied is not impacted by price.

+2

Answers (1)

Know the Answer?

Marcos Chavez · Answer 1

Best relationship of the law of supply is the quantity of good supplied rises as the price rises.

Explanation:

If there is more demand for goods in the market. Additional cost of producing and supplying additional units increases. The entrepreneur would like to supply on at higher cost. Marginal cost represents the minimum price, it would require ... If he were to supply an additional quantity of unit in market. Law of supply - ceteris paribas. Other things remaining constant supplied of the product will increase ... if the price of the product will increase.

Which relationship is the BEST example of the Law of Supply?A)The quantity of a good supplied rises as the price rises.ElinThe quantity of a good supplied rises as the price falls.C)The quantity of a good supplied falls as the price rises.D)The quantity of a good supplied is not impacted by price.