The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than

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The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than

at low prices. the product supply curve is downsloping. producers will offer more of a product at low prices than at high prices. consumers will purchase less of a good at high prices than at low prices.

Business

1 answer:

Alex777 [14] · Answer 1 · 2023-07-10T15:38:37+03:00

The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.

<h3>What does law of supply states?</h3>

The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.

Therefore, the Option A is correct.