If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of

Question

Alex Ar [27]

4 years ago

14

If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of

the law of
a. Increasing profit.
b. Supply.
c. Demand.
d. Opportunity cost.
e. Reduced real income.

Business

1 answer:

Sever21 [200] · Answer 1 · 2021-12-09T20:53:28+03:00

Answer:

If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of the law of SUPPLY

Explanation:

The law of supply is simply termed as when there is an increase in quantity of goods also results into an increase in the price although every other factors must remain the same