Which of the following is consistent with the law of supply:
1. The price of a good falls and its supply decreases.
2.The price of a good rises and its quantity supplied decreases.
3.The price of a good rises and its supply increases.
4.The price of a good rises and its quantity supplied increases.
As the price of a product goes down, the quantity supplied goes up. As the price of a product goes up, the quantity supplied goes down. As the price of a product goes down, the quantity supplied goes down. As the price of a product goes up, the quantity supplied stays the same.
Answer: I think the answer is A), please tell me if i am wrong.
Citizens-adult man-voted for the laws they supported
The start of the Protestant Reformation to the 1517 publication of Martin Luther's “95 Theses.” Ultimately the Protestant Reformation led to modern democracy, skepticism, capitalism, individualism, civil rights, and many of the modern values we cherish today. The Protestant Reformation increased literacy throughout Europe and ignited a renewed passion for education.
