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According to the law of supply, the higher the price, a. the more consumers are willing to pay. b. the larger the quantity produced. c. the smaller the quantity produced. d. the more the availability of a good is reduced. Please select the best answer from the choices provided
Question
Not Answered
Updated 2/21/2015 10:30:53 AM
1 Answer/Comment
According to the law of supply, the higher the price, the larger the quantity produced.

Added 2/21/2015 10:30:53 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [2/21/2015 10:59:58 AM]
Why did Communist governments use a command economic system for many years? a. as a way to avoid the expense and difficulties of a free market b. in an attempt to create a society in which everyone was equal c. to limit the costs of production of many goods d. as a method of keeping the consumer from getting what he or she wanted Please select the best answer from the choices provided
Weegy: The answer is In an attempt to create a society in which everyone was equal. Read more: User: Which of these is most likely to lead directly to a black market? a. a supply shock c. rationing b. a price floor d. equilibrium Please select the best answer from the choices provided (More)
Question
Expert Answered
Updated 11/24/2015 12:20:35 AM
1 Answer/Comment
Rationing is most likely to lead directly to a black market.
Added 11/24/2015 12:20:35 AM
all of the following are examples of a commodity except A.strawberries B.a designer handbag C.milk D. petroleum
Weegy: B.a designer handbag User: Which of the following is NOT an example of barriers to entry? a. Cable companies must lay miles of underground cable before they can serve a single customer in a new market. b. In some counties, laws require retail stores to be closed on Sundays. c. An entrepreneur wishing to own a clothing store must rent a building, hire workers, and buy clothing for sale. d. A person who wishes to practice medicine is required to attend medical school, complete an internship, and pass a state exam. Please select the best answer from the choices provided Weegy: d. A person who wishes to practice medicine is required to attend medical school, complete an internship, and pass a state exam. Please select the best answer from the choices provided (More)
Question
Expert Answered
Updated 11/9/2012 1:01:42 PM
1 Answer/Comment
b. In some counties, laws require retail stores to be closed on Sundays is NOT an example of barriers to entry. target=_blank rel='nofollow'>https://docs.google.com/viewer?a=v&q=cache:c0SthMikOs4J:' target=_blank rel='nofollow'>www.ogcs.org/curriculum/exams/history/econ_prentice2007_2ndSemFinal.pdf+Which+of+the+following+is+NOT+an+example+of+barriers+to+entry%3F+A.+Cable+companies+must+lay+miles+of+undergound+cable+before+they+can+serve+a+single+customer+in+a+new+market.+B.+In+some+counties,+laws+require+retail+stores+to+be+closed+on+Sundays.+C.+An+entrepreneur+wishing+to+own+a+clothing+store+must+rent+a+building,+hire+workers,+and+buy+clothing+for+sale.+D.+A+person+who+wishes+to+practice+medicine+is+required+to+attend+medical+school,+complete+an+...&hl=en&gl=ph&pid=bl&srcid=ADGEESifpgoBnv7s_fZ3c6SAjxnn3HRG2WLgUXzaaRcPLU-6eHsqQw6-Ybrmr0a-f3rBEIEn-bm8-Lxgi0IqxlOXSr-7a6j5lnOTnHIm2fVzzX0yijuPlXYa9ZIGfpPs326AJS4fINlI&sig=AHIEtbR_OiH1BDLwhmLmgixc2c583glJAQ
Added 11/9/2012 1:01:42 PM
A monopolist will set its production at a level where marginal cost is equal to a. marginal revenue. c. total revenue. b. the equilibrium market price. d. quantity supplied. Please select the best answer from the choices provided
Question
Expert Answered
Updated 5/3/2015 11:52:11 AM
1 Answer/Comment
A monopolist will set its production at a level where marginal cost is equal to: Marginal revenue.

Added 5/3/2015 11:52:10 AM
This answer has been added to the Weegy Knowledgebase
What is the definition of an oligopoly? a. one firm producing 95 percent of the output b. two to four firms producing 70 percent to 80 percent of the output c. eight to ten firms producing 60 percent to 70 percent of the output d. eight to ten firms producing 90 percent of the output Please select the best answer from the choices provided
Weegy: ol·i·gop·o·ly/?äli'gäp?le/ Noun: A state of limited competition, in which a market is shared by a small number of producers or sellers. [ ] (More)
Question
Expert Answered
Updated 8/5/2015 12:08:00 PM
1 Answer/Comment
Oligopoly is one firm producing 95 percent of the output.
Added 8/5/2015 12:07:58 PM
This answer has been added to the Weegy Knowledgebase
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