Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. ... But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
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False, you won't ALWAYS be able too.
Economic growth in China has led to more Chinese people owning cars, which "increased demand for oil, causing oil prices to rise".
<u>Answer:</u> Option C
<u>Explanation:</u>
Economic growth resulted from efforts made by Chinese population, imports and exports, tax collection etc, which allow people to invest more in buying new goods and services. Here for example if the market of car is increasing on development of economy than oil demand will increase, and after sometime it may lead to oil crisis. It is the common understanding in economy that the thing which become more in market demand, will always face crisis within completion of one cycle.
