Which of the Following Helps Explain Why the Law of Supply

question 331

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

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, influencing the likelihood of that behavior being repeated.

Classical Conditioning

A method of learning that happens by linking an outside stimulus with one that naturally occurs.

Voluntary

Actions or decisions made by an individual that are done consciously and by choice, without external coercion.

Involuntary

Refers to actions or reactions performed without conscious control, often as a reflex or automatic response.