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grin007 [14]
3 years ago
15

Which of these statements best represents the law of supply?

Business
1 answer:
Dafna1 [17]3 years ago
6 0

Answer:

The correct answer would be option C, When the price of a good decreases, sellers produce less of the good.

Explanation:

According to the law of supply, when the price of the product increases, the quantity supplied also increases.

This theory suggests that there is a direct relationship between the price of the product and the quantity supplied of the product. So when the price of a good decreases, sellers produce less of the good.

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What is one major effect of specialization on an economy?
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