Which of these statements best represents the law of supply?
a. when input prices increase, sellers produce less of the good.
b. when production technology improves, sellers produce less of the good.
c. when the price of a good decreases, sellers produce less of the good.
d. when sellers' supplies of a good increase, the price of the good increases?
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Home » Business » Which of these statements best represents the law of supply? a. when input prices increase, sellers produce less of the good. b. when production technology improves, sellers produce less of the good. c.