One Reason That Helps to Explain the Law of Supply

question 186

Multiple Choice

One reason that helps to explain the law of supply is the law of

• A) diminishing marginal utility.
• B) diminishing marginal returns.
• C) decreasing opportunity costs.
• D) demand.

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Definitions:

Improvisation Guidelines

A set of principles or rules designed to aid in the spontaneous and creative process of improvisation, often used in theater, music, and problem solving.

Highly Scripted

A term describing activities or processes that are tightly controlled and follow a pre-determined script or plan.

Take Action

The process of behaving or conducting oneself in a way that initiates change or produces results.

Results

The outcomes or outputs achieved from a specific process, activity, or investment, which are measured against predetermined objectives or goals.