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scZoUnD [109]
2 years ago
6

Using the supply and demand curve above, which statement is TRUE? A) By decreasing the price from $3.50 (P1) to $2.60 (P2), supp

ly decreases. B) By decreasing the price from $3.50 (P1) to $2.60 (P2), demand decreases. C) By decreasing the price from $3.50 (P1) to $2.60 (P2), the quantity of supply decreases. D) By decreasing the price from $3.50 (P1) to $2.60 (P2), the quantity of demand decreases.
Social Studies
1 answer:
andre [41]2 years ago
4 0

Answer:

The correct answer is C:  by decreasing the price from $3.50 (P1) to $2.60 (P2), the quantity of supply decreases.

Explanation:

The supply and demand curve demonstrates <u>that there is an inverse relationship between price and demand</u>. It means that if the price increases, demand will decrease. Also, it shows that <u>supply is directly related to price.</u> Therefore, <u>suppliers may provide more products or services if their price increases</u>. Accordingly, by decreasing the price of the merchandise, the quantity of supply decreases. It is important to keep into account that these <u>both economic forces</u> fix a balance of the prices of things in the market. Option A is quite similar but does not include the technical term “quantity”, which validates option C as the correct one.

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Explanation:

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In a command economy, how are the prices of goods and services determined?
Artemon [7]

Answer:

The Government decides the prices of goods services.

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3 years ago
One major reason canada has a good realashionship with the united states is because?
Yuri [45]

Answer:

Explanation:

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2 years ago
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lara [203]

Answer:

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3 years ago
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ohaa [14]

Answer:

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Most slaves worked from sunrise to sunset. Some owners made their slaves work every day, others allowed slaves one day a month off and some allowed their slaves to have Sundays as a rest-day.

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Explanation:

yeah just copy and paste, hope this helped. If not just send me a message and elaborate on what you would like me to explain.

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