According to the Law of Supply

question 311

Multiple Choice

According to the law of supply

• A) people buy more of a good when the price increases.
• B) people buy less of a good when the price decreases.
• C) producers provide more of a good when the price decreases.
• D) producers provide less of a good when the price decreases.

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Definitions:

Collection Bank

A financial institution where checks or drafts are presented for payment.

Notice of Dishonor

A formal notification indicating that a negotiable instrument like a check or bill of exchange has been presented for payment and declined.

Endorser

One who issues an endorsement.

Unauthorized Signature

A signature made on a document by someone who doesn't have the legal authority or permission to sign it.