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:

United States

is a federal republic located in North America, known for its diverse geography, culture, and significant global economic and political influence.

Net Energy Ratio

A measure comparing the amount of energy delivered by a system to the amount of energy used in its construction and maintenance.

Petrochemicals

Chemical products derived from petroleum or natural gas, serving as raw materials in various manufacturing processes.

Organic Chemicals

Compounds containing carbon atoms, typically produced by living organisms but can also be synthesized artificially.