Which of These Statements Best Represents the Law of Supply

question 84

Multiple Choice

Which of these statements best represents the law of supply?

• A)When input prices increase,sellers produce less of the good.
• B)When production technology improves,sellers produce less of the good.
• C)When the price of a good decreases,sellers produce less of the good.
• D)When sellers' supplies of a good increase,the price of the good increases.

Recognize the effects of Federal Reserve Board's policies on economic activity and inflation.

Identify the major regulatory acts that influence the operations of financial institutions and the credit market.

Understand the difference between credit and debit card usage and their impact on personal finances.

Know the major financial institutions and their roles in the financial system.

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Definitions:

Alternative Solutions

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