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Nana76 [90]
2 years ago
13

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]2 years ago
7 0

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.

Read more about law of supply

<em>brainly.com/question/1222851</em>

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3 years ago
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Answer:

The assembly line efficiency is 4.17% (to 2 decimal places)

Explanation:

Efficiency is a measure of productivity that is used to determine how well a target is achieved, by finding the ratio of the actual output to the expected output. In this example, the number of units is the output of the assembly line, and the assembly line efficiency is calculated as follows:

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actual output = 25 minutes

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∴ actual output = 5 units

required output = 120 units

∴ efficiency = \frac{5}{120} *100

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<em>brainly.com/question/14524755</em>

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