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According to the Law of Supply, if the price of a product goes up than ________. a. demand will go down. c. demand will go up. b. quantity supplied will go up. d. quantity supplied will go down.
According to the Law of Supply, if the price of a product goes up: b. quantity supplied will go up.
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Asked 11/11/2013 2:01:19 PM
Updated 11/11/2013 5:40:08 PM
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According to the Law of Supply, if the price of a product goes up: b. quantity supplied will go up.
Added 11/11/2013 5:40:08 PM
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Rationing;

The artificial restriction of raw materials, goods or services. Rationing commonly occurs when governments fear a shortage and want to make sure people have access to necessities, such as after a natural disaster or during a war. Governments can also impose rationing in the face of failed policies such as central planning, or may be forced to use rationing as a result of shortages.

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