Which of the Following Statements Describes the Law of Increasing

Multiple Choice

Which of the following statements describes the law of increasing costs?

A) As the quantity produced of any particular item decreases,its per unit cost of production rises.
B) As the quantity produced of any particular item increases,its per unit cost of production rises.
C) The prices of consumer goods and services always rise and never fall.
D) If you wait to make a purchase,you will pay a higher price.
E) The total cost of production rises as output goes up.