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kotykmax [81]
3 years ago
13

G Supply

Law
1 answer:
kogti [31]3 years ago
4 0

Answer:

The higher the price, the larger the quantity produced.

Explanation:

The Principle of the Law of Supply has nothing to do with Law. It relates to economics.

A good case to illustrate the Law of Supply would be Apple iPhones. Prices remained very high therefore, the quantity was LARGE.

Conversely, during the pandemic people were not spending and out of jobs. Apple responded with a much affordable iPhone. *Everything is driven by market forces.

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What is it called when a country uses changes to taxes and spending to influence the macroeconomy?
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When a country uses changes to taxes and spending to influence the macroeconomy, it is called fiscal policy.

The use of government spending and tax policies to influence economic conditions, particularly macroeconomic conditions, is referred to as fiscal policy. These include total goods and services demand, employment, inflation, and economic growth.

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3 years ago
¿Por qué Savater dice que la ética no pasa de moda?
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