Which of the following is the best example of the law of supply?

a. A sandwich shop increases the number of sandwiches they supply every day when the price is increased.

b. A food producer increases the number of acres of wheat he grows to supply a milling company.

c. A catering company buys a new dishwasher to make their work easier.

d. A milling company builds a new factory to process flour to export.

Question

Social Studies

Raelynn Day

5 October, 11:22

Which of the following is the best example of the law of supply?

a. A sandwich shop increases the number of sandwiches they supply every day when the price is increased.

b. A food producer increases the number of acres of wheat he grows to supply a milling company.

c. A catering company buys a new dishwasher to make their work easier.

d. A milling company builds a new factory to process flour to export.

+3

Answers (1)

Know the Answer?

Kyler · Answer 1

The correct answer is:

a. A sandwich shop increases the number of sandwiches they supply every day when the price is increased.

The law of supply says that if the prize and the profit increases, the producer will try to make more money off it by providing more products.