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zmey [24]
4 years ago
11

What does the law of supply state?

Social Studies
2 answers:
zimovet [89]4 years ago
6 0

Answer: The law of supply states that suppliers will supply more goods or services as the price of the goods or services rise and vice versa.

Explanation:

The law of supply states that suppliers will supply more goods or services as the price of the goods or services rise and suppliers will supply less goods or services as the price of the goods or services decrease. Thus, it indicates that suppliers will make more gain or profit by supplying more of a good at a higher price.

Also, supply refers to the quantity of goods and services which a supplier is willing and able to supply at a given rate over a specified period of time.

diamong [38]4 years ago
5 0
The law of supply states<span> that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the </span>law<span> of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa.</span>
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The correct answer to the question: Many constitutional monarchies started out as, would be: Absolute monarchies.

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The big difference between an absolute monarchy and a constitutional monarchy, is the limitations placed on the power exercised by a monarch, or head ruler, of a country. In ancient times, this became the norm, especially in Europe, where the absolute power of kings was unquestioned and unchecked by anyone. However, even if kingdoms all over the world started out as absolute monarchies, with the King or Queen being the only law in the land, this changed through time, until these rulers became bound by another law; that of a constitution. This is the case of England, and other such nations, where government went from being solely in the hands of a ruler, to the ruler´s power being chained by constitutions. Today, many of the monarchies only have Kings and Queens as symbols, but they play no part in government.

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The snow ______ our ability to drive, but it had a beautiful ______ on the look of the backyard. group of answer choices
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The snow affects our ability to drive, but it had a beautiful effect on the look of our backyard.

<h3>What is snow?</h3>
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Therefore, the snow affects our ability to drive, but it had a beautiful effect on the look of our backyard.

Know more about snow here:

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The correct question is given below:
The snow _____ our ability to drive, but it had a beautiful _______ on the look of our backyard.

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