Which of the Following Is the Best Example of the Law

question 82

Multiple Choice

Which of the following is the best example of the Law of Supply?

• A) When the cost of production of cotton fell, the market price of cotton also fell.
• B) When the market price of pens increased, sellers started supplying more pens.
• C) When the market price of pens increased, sellers started supplying fewer pens.
• D) When the cost of production of cotton increased, all suppliers' willingness to accept decreased.

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Definitions:

Online Material

Digital content available on the internet, including videos, articles, and interactive web resources, often used for education or marketing purposes.

Pirating

The unauthorized use or reproduction of another's work, such as software, music, or movies.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Clayton Act

U.S. legislation enacted to amend antitrust laws, prohibiting certain practices that could lead to anti-competitive behaviors.