Which of these statements best represents the law of supply?
a. when input prices increase, sellers produce less of the good.
b. when production technology improves, sellers produce less of the good.
c. when the price of a good decreases, sellers produce less of the good.
d. when sellers' supplies of a good increase, the price of the good increases?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of these statements best represents the law of supply? a. when input prices increase, sellers produce less of the good. b. when ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A sustainable competitive advantage is gained: A. when a company has durable competitive assets that are central to its strategy and superior to those of rival firms. B. when a company has sufficient resources to expedite its strategy. C.
Answers (1)
Based on your understanding of the IS-LM model, graphically illustrate and explain what effect a reduction in consumer confidence will have on output, the interest rate, and investment.
Answers (1)
A competitive market produces the economically efficient outcome if the following conditions are met, except Multiple Choice A. the market produces only units for which benefits are at least equal to cost B.
Answers (1)
M purchases a $70,000 Life Insurance Policy with premium payments of $550 a year for the first 5 years. At the beginning of the sixth year, the premium will increase to $800 per year but will remain level thereafter.
Answers (1)
Intelligence Incorporated produces 200 computer chips and sells them for $200 each to Bell Computers. Using the chips and other labor and materials, Bell produces 200 personal computers.
Answers (1)
New Questions in Business
It is unwise to take a questionnaire designed for online administration and simply let the questionnaire design system present it in mobile device formaA. TrueB. False
Answers (1)
You have purchased a machine for $120,000 and are depreciating it using a three-year MACRS schedule. You are in a 30% tax bracket and will be able to sell the machine for $50,000 at the end of year four.
Answers (1)
Suggest the most significant challenge that entrepreneurs may encounter when growing a business. recommend one (1) strategy that entrepreneurs could use either to manage or minimize the suggested challenge. provide support for your recommendation.
Answers (1)
At the beginning of 2016, Emily Corporation issued 24,000 shares of $100 par, 7%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred or common shareholders.
Answers (1)
Edwards Farm Products was unable to meet its financial obligations and was forced into using legal proceedings to restructure itself so that it could continue as a viable business. The process this company underwent is known as a:
Answers (1)