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.

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Definitions:

Whistle Blowing

The act of exposing any kind of information or activity deemed illegal, unethical, or not correct within an organization.

Company Credit Card

A credit card issued to employees for making authorized business expenditures on behalf of the company.

Ethical Screen

A mechanism designed to prevent conflicts of interest or ethical issues within an organization or profession by separating conflicting parties or interests.

Ethical Decision

A choice made based on moral principles and values, considering the rightness and wrongness of the options and their outcomes.