social studies

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 will allow a decrease in price

C. An increase in quantity produced will decrease consumer demand.

D. An increase in price will inspire an increase in units supplied

I think it is D

  1. 👍
  2. 👎
  3. 👁
  1. Your answer is right! Good job Eliza! this was on one of my sixth grade test!

    1. 👍
    2. 👎
  2. Thank you so much Duncan!!!

    1. 👍
    2. 👎
  3. No your answer is wrong

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Social studies

    1. What event would most likely cause an increase in sales A. Decrease in price B. Increase in supply C. Decrease in product quality D. Increase in quality product Answer: A 2. What is stated by the law of supply A. An increase in

  2. Economics

    Determine whether each of the following would cause a shift in the aggregate demand curve, the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? What happens to aggregate output and the price

  3. Economic

    1.According to the law of demand, when the price of an item goes up, the quantity demanded a. stays at the same level. c. falls. b. rises. d. adjusts 2. According to the law of supply, higher prices prompt producers to a. increase

  4. Microeconomics (need to see if i got these right.

    31. If an increase in the price of a good leads to an increase in total revenue, then _____. (Points: 3) the supply curve must be price inelastic the demand curve must be price inelastic I CHOSE THIS ONE the supply curve is price

  1. Economics

    1.Which of the following is consistent with the law of supply? a.As the price of calculators rises, the supply of calculators increases, ceteris paribus. b.As the price of calculators falls, the supply of calculators increases,

  2. ECONOMICS

    1) If the price of a product produced in a competitive market increases, which of the following is most likely to occur in the labor market for workers who produce the product? A) the demand for labor and the number of workers

  3. Economics

    If an increase in price from $1 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units then the value of price elasticity of supply is. a. 0.38 b. 2 c. 2.67 d. 4 e. 8

  4. economics

    Producer surplus is shown graphically as the area: under the demand curve and above the market price. under the demand curve and below the market price. above the supply curve and below the market price. above the supply curve and

  1. Economics help

    What is the short-run effect on the exchange rate of an increase in domestic real GNP, given expectations about future exchange rates? Imagine that the central bank of an economy with unemployment doubles its money supply. In the

  2. Economics are these correct

    Are these correct? Thanks, Answer is next to number of question C 1. Which of the following is consistent with the law of supply? a. As the price of calculators rises, the supply of calculators increases, ceteris paribus. b. As

  3. Microeconomics

    4. Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread and that potatoes are a consumer substitute for bread, we would expect the price of wheat to:

  4. Finite Math

    At a price of $ 1.94 per bushel, the supply corn in 9,800 million bushel and the demand is 9, 300 million bushel. At a price of $1.82 per bushel, the supply is 9,400 million bushels and the demand is 9, 500 million bushels. A,

You can view more similar questions or ask a new question.