Which of the Following Helps Explain Why the Law of Supply

question 331

Multiple Choice

Which of the following helps explain why the law of supply exists?

• A) Larger outputs result in lower costs of production.
• B) The law of increasing opportunity cost
• C) The costs of production remain constant throughout all levels of output.
• D) Sellers realize that if the price increases, they make larger profits and do not need to change their production.
• E) The law of demand

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Definitions:

Buyer's Remorse

The feeling of regret or second thoughts after making a significant purchase.

Address the Issue

Directly confronting and dealing with a problem or challenge.

Benefits

Advantages or positive outcomes that result from a specific action, policy, or product, which contribute to the well-being or satisfaction of individuals.

Safety Features

Elements or devices designed to minimize risk and protect against accidents or harm in products, vehicles, or environments.