Which of the Following Relationships Reflect the Law of Supply

question 132

Multiple Choice

Which of the following relationships reflect the law of supply?

• A)​an increase in Q_S => a decrease in Price
• B)​a decrease in Price => an increase in supply
• C)​an increase in Price => an increase in Q_S
• D)​a decrease in Price => an increase in Q_S

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Definitions:

Class

A system of ordering society wherein people are divided into sets based on perceived social or economic status.

Distribution of Power

The way authority and control are spread across individuals or groups within an organization or society.

Power Resource Theory

A theory in political economy and sociology that analyzes the power of social groups, especially in terms of their ability to organize, mobilize resources, and affect social change.

Political Parties

Groups of individuals united by common political goals and views, aiming to affect public policy through the election of their representatives into public offices.