5
QuizMultiple Choice

The Law of Supply — Quiz

Question 5 • Economics

All things being equal, when producers sell goods for a lower price, they make

Answer
A
the same amount of money.
B
less money.
C
more money.
D
as much money as the law allows.

Explanation

If the number of goods sold stays the same, a lower price means producers receive less money for each item. For example, selling 10 items at $5 each brings in $50, while selling them at $4 each brings in $40. So they make less money.

AI-written and checked against the verified answer.

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