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alexandr402 [8]
4 years ago
8

Which of these statements best represents the law of supply? select one:

Business
1 answer:
sweet [91]4 years ago
8 0

c. when the price of a good decreases, sellers produce less of the good.

According to the law of supply, an increase in price results in an increase in quantity supplied. This means that there is a direct relationship between price and quantity:  Thus, when price of a good falls, sellers produce less


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Clarksen Company uses a process costing system. The company requisitioned $93,000 of materials for Department A and $67,000 of m
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