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

Business

1 answer:

sweet [91]3 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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