1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalka [10]
2 years ago
15

The Law of Supply states thatA)the supply of a product is not affected by its price.B)when the supply of a product decreases, th

e price of the product falls.C)when the supply of a product increases, the price of the product rises.D)the quantity supplied of a product will increase when the price of that product increases.
Social Studies
1 answer:
Stella [2.4K]2 years ago
8 0

Answer:

Option D, the quantity supplied of a product will increase when the price of that product increases, is the right answer.

Explanation:

Option “D” is the correct answer because the supply of the commodity is directly related to the price. The increasing price of the commodity induces the supplier to supply more of the commodity because the increase in the price of the product leads to an increase the revenue or profit. However, the law state that the increasing price leads to an increase in supply (assuming other things being equal). Thus option D is correct.

You might be interested in
Mayflower compact is frost governing documento of plymouth colony false true​
WINSTONCH [101]
It is false because it isn’t true
5 0
2 years ago
In a democracy, does it make sense to have decisions about monetary policy made by people who are not elected? Why or why not?
Dima020 [189]

Answer:  Say the Federal Reserve decides to reduce interest rates to stimulate economic growth. They do this by purchasing government securities over the open market with newly created money. The bank will take this new money and lend it out (or purchase securities, it doesn't matter due to arbitrage). This has the effect of increasing the supply of loanable funds, pushing down the interest rate.  

Now just because the interest rate is lowered does not mean that the expansionary monetary policy will have its desired effect immediately. Lower interest rates encourage borrowing, and increased borrowing can increase employment, GDP, etc. There is a lag between the reduction in interest rates and its effects on the real economy. People will not respond to the lower interest rates by borrowing and hiring immediately; the effect can take 1-2 years.

Explanation:

7 0
3 years ago
What has led to famine in Africa?
dimulka [17.4K]

d. all of the above

hope this helps

7 0
2 years ago
Where in the bible does it talk about taking communion
RideAnS [48]

Answer:

The Last Supper I'm pretty sure.

Explanation:

5 0
1 year ago
I NEED HELPPP
love history [14]

Answer:

B

Explanation:

7 0
3 years ago
Other questions:
  • Congress passes the nylon-free water act, a statute making it a crime for commercial fishermen to use nylon fishing nets in wate
    5·1 answer
  • Why was Washington's response to the Whiskey Rebellion considered by many an overreaction?
    6·1 answer
  • How far it is across Brazil (west to east)
    5·1 answer
  • Who ran against Ulysses S Grant in the 1889 presidential election?
    6·1 answer
  • Tom is studying how changes in income affect the frequency of eating out. In this example, "changes in income" is the ________ v
    10·1 answer
  • Why we are life in earth ?
    14·1 answer
  • How did expansion make Civil Wars larger and more harmful?​
    7·1 answer
  • Where did early pioneer families tend to settle in communities?
    12·2 answers
  • PLEASE HELP ME ASAP PLEASE!!!!​
    12·1 answer
  • If the demand for high-definition televisions increases, you can expect their price to (3 points)
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!