8
QuizMultiple Choice

The Law of Supply — Quiz

Question 8 • Economics

Which best describes what happens to the amount of a good or service that is supplied to consumers?

Answer
A
The amount of a good or service can change.
B
The amount of a good or service always remains the same.
C
The amount of a service cannot change.
D
The amount of a good cannot change.

Explanation

The amount of a good or service supplied to consumers can change as conditions change, such as its price or the cost of producing it. Therefore, the best description is that the amount can change; it does not always stay the same, and both goods and services can vary in supply.

AI-written and checked against the verified answer.