Ask Question
BusinessBusiness
14 November, 20:11

The law of supply states that as the price of a good rises, the quantity supplied of that good disappears. decreases. remains the same. increases.

+4
Answers (1)
  1. 14 November, 20:59
    0
    Increases

    As the price of a good rises, the quantity increases. Conversely, as the price of a good falls, the quantity of that good decreases. There is a direct correlation between the price of goods and the quantity of goods. This is also known as ceteris paribus. This is a Latin phrase used to characterize the Law of Supply which means "all other things being equal."
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The law of supply states that as the price of a good rises, the quantity supplied of that good disappears. decreases. remains the same. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Carrie promises tim she will clean his house and in exchange, tim promises to pay carrie $50. this is an example of what type of contract?
Answers (1)
Valley Technology Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 9,700 Accounts Payable 1,500 Accounts Receivable 4,500 Debt 2,900 Inventory 3,800 Other Liabilities 800 Property Plant & Equipment 16,400 Total Liabilities 5,200 Other
Answers (1)
A paint store owner has a home garage sale. An individual purchases a television at the sale. The individual is told the television is three years old, and nothing is said about its quality. Once home, the individual finds the television is unusable.
Answers (1)
Sales for the year = $246,687, net income for the year = $22,965, and average assets during the year = $136,357. return on assets (roa) for the year is: select one: a. 53.8% b. 16.8% c. 9.3% d. there is not enough information to calculate roa. e.
Answers (1)
For which of the following reasons are capital budgeting decisions important to a business organization? Check all that apply. Capital investments are relatively inexpensive.
Answers (2)
New Questions in Business
Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can produce ei ther 2 units of corn or 6 units of wheat per year. Each nation has 10 workers.
Answers (1)
How can business taxes positively affect an economy? A If taxes are low, more businesses can be created. B If taxes are low, then businesses will give more of their earnings away.
Answers (1)
Assume Joe Harry sells his 25% interest in Joe's S Corp., Inc. to Tyrone on January 29. Using the daily allocation method, how much income does Joe Harry report if Joe's S Corp., Inc.
Answers (1)
Whirlwind Financial Corporation sends its executives to a resort in Mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing.
Answers (1)
LO 7.2Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February, 2,500 in March, 2,700 in April, and 2,900 in May.
Answers (1)
Home » Business » The law of supply states that as the price of a good rises, the quantity supplied of that good disappears. decreases. remains the same. increases.
Sign Up Forgot Password?