Multiple Choice
Suppose ABC Corporation is willing to sell 100 shirts when the price is $10 and 200 shirts when the price is $15, but XYZ Inc is willing to sell 500 shirts when the price is $10 and 350 shirts when the price is $15. Which of the following statements about the two companies is correct?
A) ABC Corporation follows the law of supply, but XYZ Inc does not.
B) ABC Corporation does not follow the law of supply, but XYZ Inc does.
C) Both ABC Corporation and XYZ Inc follow the law of supply.
D) Neither ABC Corporation nor XYZ Inc follow the law of supply.
Correct Answer:
Verified
Correct Answer:
Verified
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