Solved

The "Law of Supply" States That, Other Things Remaining the Same

Question 514

Multiple Choice

The "law of supply" states that, other things remaining the same, firms produce


A) more of a good the less it costs to produce it.
B) less of a good the more it costs to produce it.
C) more of a good the higher its price.
D) less of a good as the required resources become scarcer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions