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.
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Answer:
The answer is D) $3210
Explanation:
Before taking the given transactions into account we start of with the Cash balance of $3000.
We have outstanding checks of $230. We need to deduct these check from the balance. 3000 - 230 = 2770
We have deposits in transit, meaning this is money we have received but has not yet reflected. We need to add the $450 to the cash balance.
The balance is now updated to $ 3220.
We have a credit memo from the bank. This is interest owed to us. We will add the $10 to our balance. $ 3230
Finally we need to subtract the service charge of $ 20.
We will be left with a balance of 3210.
Therefore the answer is D) $3210
Real estate, banking, and insurance are examples of C. RAPIDLY GROWING SERVICE INDUSTRIES IN SOUTH ASIA.
Service industry is an industry wherein business offer their services or expertise to their customers and sometimes provide goods without being involved in manufacturing processes.
