Law of Supply

Welcome to the Law of Supply category on Questions LLC! If you have ever wondered about the principles that govern supply and demand in the world of economics, you have come to the right place. Here, you will find a plethora of questions and answers revolving around the Law of Supply – a fundamental concept in economics that explains the relationship between the quantity of goods or services supplied and the price of those goods or services. Whether you are a student looking to learn or a curious individual seeking to expand your knowledge in this field, our Q&A platform is here to provide you with insightful information and engage in stimulating discussions on the Law of Supply.

Questions (46)

Which of the following satisfy the law of supply? Select the two correct answers.A.An increase in price is followed by an
1. 1 answer
2. asked by Somebody23
3. 91 views
Which of the following is consistent with the law of supply?Part 2 A. A reduction of the price of salt, led to a 5 percent
1. 2 answers
2. asked by 111
3. 77 views
The law of supply states that as price increases, ceteris paribus, _____.(1 point)Responses supply decreases supply decreases
1. 2 answers
2. asked by Eric23
3. 167 views
Which of the following satisfy the law of supply? Select the two correct answers.a A decrease in price is followed by a decrease
1. 2 answers
2. asked by Eric23
3. 114 views
Which of the following satisfy the law of supply? Select the two correct answers.a A decrease in price is followed by a decrease
1. 2 answers
2. asked by Eric23
3. 125 views
The law of supply states that as price increases, ceteris paribus, _____.(1 point)Responses quantity supplied decreases quantity
1. 3 answers
2. asked anonymously
3. 62 views
What is stated by the law of supply?(1 point) Responses An increase in price will cause a reduced amount of sales. An increase
1. 3 answers
2. asked by goofy ahh bugger
3. 86 views
What is stated by the law of supply?A. An increase in price will cause a reduced amount of sales. B. An increase in quantity
1. 3 answers
2. asked anonymously
3. 58 views
The law of supply states that there isa positive relationship between the price and the quantity supplied . Part 2 Thus, as
1. 4 answers
2. asked by AOL
3. 51 views
The law of supply then implies that a ---the supply curve occurs due to a change in market price.
1. 5 answers
2. asked by AOL
3. 33 views
The law of supply states that there is a--- relationship between the price and the---.
1. 7 answers
2. asked by AOL
3. 44 views
Which of the following is consistent with the law of supply?Part 2 A. Fewer passengers chose to travel by airplane after the
1. 3 answers
2. asked by AOL
3. 47 views
According to the text, firms encounter rising costs when they attempt to produce more in the same time period. As a
1. 3 answers
2. asked by AOL
3. 50 views
The law of supply states that as price increases, ceteris paribus, _____.(1 point)Responses quantity supplied decreases quantity
1. 2 answers
2. asked by 1
3. 59 views
What is stated by the law of supply?(1 point) Responses An increase in price will cause a reduced amount of sales. An increase
1. 3 answers
2. asked by hjgj
3. 131 views
What is stated by the law of supply?A. An increase in price will cause a reduced amount of sales. B. An increase in quantity
1. 1 answer
2. asked by Hann
3. 107 views
according to the law of supply the higher the priceA the more consumers are willing to pay B the larger the quantity produced c
1. 4 answers
2. asked by San
3. 1,348 views
The Law of Supply (movement along the curve due to the price effect) occurs becauseA) producers usually offer more for sale at
1. 1 answer
2. asked by Allison
3. 431 views
1. According to the doctrine of supply, the amount---------- will increase as the _____ increase.A. bought, cost B. supplied,
1. 1 answer
2. asked by Pedro Zabala
3. 305 views
According to the doctrine of supply , the amount________ will increase as the _________decreases. I'm stuck on this question. I
1. 1 answer
2. asked by Laura
3. 360 views
I am having a horrible time coming up with an example of the "law of supply." Any suggestions would be helpful.
1. 4 answers
2. asked by Rae
3. 357 views
What is stated by the law of supply?A:An increase in price will cause a reduced amount of sales. B:An increase in quantity sold
1. 1 answer
2. asked anonymously
3. 44 views
What is stated by the law of supply?(1 point) Responses An increase in price will cause a reduced amount of sales. An increase
1. 1 answer
2. asked by Solaris_Artist
3. 48 views
What is stated by the law of supply?(1 point) Responses An increase in price will cause a reduced amount of sales. An increase
1. 1 answer
2. asked anonymously
3. 55 views
What is stated by the law of supply?(1 point) An increase in price will cause a reduced amount of sales. An increase in quantity
1. 1 answer
2. asked by trippie
3. 61 views
What is stated by the law of supply?(1 point) An increase in price will cause a reduced amount of sales. O An increase in
1. 1 answer
2. asked anonymously
3. 70 views
Which of the following satisfy the law of supply? Select the two correct answers.(1 point) • A increase in price is followed
1. 1 answer
2. asked anonymously
3. 41 views
The law of supply states that as price increases, ceteris paribus,A. • quantity supplied decreases B. quantity supplied
1. 1 answer
2. asked anonymously
3. 22 views
Law of Supply Quick Check%0D%0A5 of 55 of 5 Items%0D%0A%0D%0AQuestion%0D%0AWhat is the relationship between the price of a
1. 1 answer
2. asked anonymously
3. 30 views
What is stated by the law of supply? (1 point) Responses An increase in price will cause a reduced amount of sales. An increase
1. 1 answer
2. asked anonymously
3. 31 views
What is stated by the law of supply?An increase in price will cause a reduced amount of sales. An increase in quantity sold will
1. 1 answer
2. asked anonymously
3. 57 views
Which of the following satisfies the law of supply?(1 point)Responses a An increase in price is followed by an increase in
1. 1 answer
2. asked anonymously
3. 25 views
Law of Supply Quick Check2 of 52 of 5 Items Question What is the difference between supply and quantity supplied?(1 point)
1. 1 answer
2. asked anonymously
3. 16 views
The law of supply states that as price increases, ceteris paribus, _____.(1 point)Responses quantity supplied increases quantity
1. 1 answer
2. asked anonymously
3. 19 views
Which of the following satisfy the law of supply? Select the two correct answers.(1 point)Responses An increase in price is
1. 1 answer
2. asked anonymously
3. 17 views
What is stated by the law of supply?(1 point) Responses An increase in price will cause a reduced amount of sales. An increase
1. 1 answer
2. asked anonymously
3. 26 views
According to the Law of Supply, what action would producers take if the price of their product suddenly drops?They will buy more
1. 1 answer
2. asked anonymously
3. 9 views
The law of supply: Producers will produce more when they can sell at high prices and will produce less when they can sell at a
1. 1 answer
2. asked by yuki
3. 13 views
The law of supply: Producers will produce more when they can sell at high prices and will produce less when they can sell at a
1. 1 answer
2. asked anonymously
3. 12 views
2 of 32 of 3 ItemsQuestion What is stated by the law of supply? (1 point) Responses An increase in price will cause a reduced
1. 1 answer
2. asked anonymously
3. 6 views
what is stated by the law of supply?a. An increase in price will cause a reduced amount of sales. b. An increase in quantity
1. 1 answer
2. asked anonymously
3. 4 views
What is stated by the law of supply?(1 point) Responses An increase in price will cause a reduced amount of sales. An increase
1. 1 answer
2. asked anonymously
3. 3 views
Explain, using any two practical examples exception for law of demand
1. 1 answer
2. asked anonymously
3. 6 views
What is stated by the law of supply?An increase in price will cause a reduced amount of sales. An increase in quantity sold will
1. 1 answer
2. asked anonymously
3. 9 views
What is stated by the law of supply?An increase in price will cause a reduced amount of sales. An increase in quantity sold will
1. 1 answer
2. asked anonymously
3. 10 views
What is stated by the law supply?1. And price will cause a reduced amount of sales 2. An increase in quality sold with allow a
1. 1 answer
2. asked by Marysol
3. 6 views