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Rufina [12.5K]
3 years ago
13

Factories that produce smartphones can also produce smart watches. Which of the following events in the market for smartphones i

llustrates the law of supply?
1. The price of a smart watch falls.
2. A new robot technology lowers the cost of producing smartphones.
3. The price of a smartphone falls.
4. The price of a smartphone is expected to rise next year.
5. The wage rate paid to smartphone factory workers increases.
A, Event #1 only
B. All 5 events listed
C. Events #1, #4, and #5
D. Events #2, #3, and #4
E. Event #3 only
Business
1 answer:
4vir4ik [10]3 years ago
4 0

Answer:

e

Explanation:

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Only a change in the price of he good affects the law of supply

When The price of a smartphone falls, quantity supplied falls

other factors lead to a change in demand

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