Multiple Choice
Which of the following helps explain why the law of supply exists?
A) Larger outputs result in lower costs of production.
B) The law of increasing opportunity cost
C) The costs of production remain constant throughout all levels of output.
D) Sellers realize that if the price increases, they make larger profits and do not need to change their production.
E) The law of demand
Correct Answer:

Verified
Correct Answer:
Verified
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