Question and answer
According to the Law of Supply, if the price of a product goes up then ________. 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 then quantity supplied will go up.
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Expert answered|JANDY|Points 3721|
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Asked 12/9/2015 5:56:25 AM
Updated 12/14/2015 7:28:40 AM
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This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [12/14/2015 7:28:40 AM]
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Questions asked by the same visitor
fixed costs plus variable costs
Weegy: Total cost is equal to fixed costs plus variable costs. User: the amount a supplier is willing and able to supply at a certain price (More)
Question
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Updated 12/9/2015 8:55:02 AM
1 Answer/Comment
Quantity supplied the amount a supplier is willing and able to supply at a certain price.
Added 12/9/2015 8:55:02 AM
This answer has been confirmed as correct and helpful.
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.
Question
Not Answered
Updated 12/22/2015 8:41:02 PM
1 Answer/Comment
According to the law of supply, the higher the price, the larger the quantity produced.
Added 12/22/2015 8:41:02 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [12/22/2015 9:36:04 PM]
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