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20 October, 16:41

What is the principle of the law of supply?

A. The lower the price, the larger the quantity produced.

B. The higher the price, the larger the quantity produced.

C. The higher the price, the smaller the the quantity produced.

D. The lower the price, the more manufacturers will produce the good.

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Answers (2)
  1. 20 October, 16:48
    0
    What is the principle of the law of supply?

    B. The higher the price, the larger the quantity produced.

    This is true because if the price is is high and the product is selling at a high price, more manufacturers want to make the product because they will get a larger return on investment. If a business is able to sell products at a higher price, they are more profitable long run and are more likely to succeed.
  2. 20 October, 17:07
    0
    B. The higher the price, the larger the quantity produced.
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