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 increase
in the quantity of salt consumed.
B.
The state of California
has less grape
regulation than New York
,
and grape
production is lower in New York
.
C.
Fewer
passengers chose to travel by airplane after the terrorist strikes of 9 divided by 11
.
D.
An increase in the market price of MP 3 players
causes an increase in the production of MP 3 players
.
D. An increase in the market price of MP3 players causes an increase in the production of MP3 players.
D. An increase in the market price of MP3 players causes an increase in the production of MP3 players.
This statement is consistent with the law of supply, which states that there is a positive relationship between price and quantity supplied. When the market price of MP3 players increases, it provides an incentive for producers to increase their production in order to take advantage of the higher prices and increase their profits.