7
QuizMultiple Choice

The Law of Supply — Quiz

Question 7 • Economics

The law of supply demonstrates the behaviors of producers when they

Answer
A
supply goods to consumers.
B
launch a new marketing campaign.
C
decide to hire fewer workers.
D
change their company’s name.

Explanation

The law of supply describes how producers respond to changes in a good’s price: as the price rises, they generally offer more of it for sale. This concerns how producers supply goods to consumers, so A is correct.

AI-written and checked against the verified answer.

Previous
Next