the law of supply states that an increase in the price of a good quizlet - Axtarish в Google
The law of supply is an economic concept that states that as the price of goods and services increases, the quantity supplied will also increase . This means that the suppliers and producers will strive to maximize their profits by producing more goods and services when their corresponding price increases.
The law of supply states that the price of goods and services and their quantity are connected to each other, meaning that they move in the same direction.
Оценка 4,6 (37) Price and quantity supplied move in the same direction; as price decreases, quantity supplied decreases and as price increases, quantity supplied increases.
Оценка 5,0 (1) The law of supply states that, other things remaining the same, the higher the price of a good, the greater is the quantity supplied.
Оценка 4,5 (2) The law of supply states that as the price of a good rises, the quantity supplied decreases. false. equilibrium.
According to the law of supply, when the price of a good increases, producers want to produce more of the good. Therefore, as the two variables change in the ...
The law of supply states that the quantity supplied will increase as the price of that product increases.
The Law of Supply is a law that states that as the price of a good increases, the quantity supplied of the good increases, as the price of a good decreases, ...
Оценка 4,0 (1) The law of supply states that when there are many sellers of a good, an increase in price results in an increase in quantity supplied.
Оценка 4,8 (5) The law of supply states that as the price of a good increases, the quantity of the good increases as well and vice versa. There is a positive causal ...
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