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Loraine Loraine
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9 years ago
The law of supply reflects the fact that
A) people buy more of a good when its price falls.
B) suppliers have an incentive to use their resources in the way that brings the biggest return.
C) higher prices are more attractive to consumers because they signal a higher quality product.
D) businesses can sell more goods at lower prices.
E) the demand curve is downward sloping.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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DropxDropx
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8 years ago
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8 years ago
Happy to help, let me know if you have any more requests.
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