The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.
<h3>What does
law of supply states?</h3>
The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.
Therefore, the Option A is correct.
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Answer:
For the first 2 we calculate the future value:
(A)856
(B)1,122.04
(C) and (D) thre present value will be 800
Explanation:


856

1,122.041358


Answer:
increase by $800
Explanation:
if taxes decrease by 200 then
GPD x tax multipler = net impact on GDP
the tax multiplier is calculated as follows:


multiplier = 4
tax variation x multiplier
200 x 4 = 800
As the taxes decreases the effect on the GDP is positive.