What is Law of Supply states that

Answers

Answer 1

Answer:

Answer:

In economics, there are a series of factors that will be responsible for ensuring that an economy works, or not, and that it prospers, or not. One such factor is the factor of supply, which means, the goods and services that are offered by producers on the market for customers to acquire. On the other end we have the demand, which is, the actual requirements of consumers for the services and goods that are offered by producers. Between these two fundamental factors, accounting for others, of course, that also play a role, an economy moves forward and prices are maintained.

As such, the Law of Supply states basically that when all factors are maintained constant, supply means that as the price of a good or service increases so does the offer of this good or service by suppliers, as it becomes profitable for them to produce such a good, or service. But this means that the reverse can also take place. If the price of a good, or service, plummets, so will the supply and offer of either, or both, of them.

Answer 2

Answer: The law of supply is a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes.
Hope this helps and have a good night! :3

Related Questions

what is the subordinating conjuction in this sentence "although they did not feel comfortable at first, the jeans eventually became his favorite pair"
What Does "Dictated But Not Read" Mean?
Which sentence does not contain any punctuation errors?A.She always shuts the gate, otherwise, the pig follows her out. B.She always shuts the gate; otherwise, the pig follows her out. C.She always shuts the gate, otherwise; the pig follows her out. D.She always shuts the gate otherwise, the pig follows her out.
In part two of Trifles, how does the symbol of the broken fruit jar impact the theme that women were often unhappy in the roles they were expected to fulfill?
Read the resolution.Using technology in the classroom enhances student learning.Which example of a multimedia source would best support the resolution?a video of students using technology to learn a complex topica website on the different technology systems teachers can usea website on how technology has changed over the last decadea video explaining the different types of technology systems that exist

As a new newspaper reporter, Amanda was nervous about doing her first interview with a state senator. She went to a veteran reporter, Clark Webb, for advice. Clark told her the first rule of an interview is to make the person you're interviewing comfortable. Be polite and cheerful. The second rule is to ask open questions. Open questions allow the person you're interviewing to give you more information. "How did you decide to run for office?" is an example of an open question. Third, always try to do more listening than talking. Finally, be sure to thank the person you interview for his or her time. 3. From this paragraph, you can guess that the word veteran means that Clark Webb is

Answers

a person who was had a long experience in a particular field

Answer:

a person who was had a long experience in a particular field !!!!!!!!!!!!!!!!!!!

Explanation:

20 POINTS! read the paragraphs. Which sentence is Not a clue to spencer's feelings about the air plant

Answers

the answer is c because:
a- show that he is exited which is how he feels about it
b- he is exited about showing his dad and says he will think it’s cool which shows how he feels
d- a big beaming smile shows that he is happy and he is feeling happy.
-hope this helps

Which resource will help you revise colorless word choice in a draft autobiography?

Answers

Thesaurus i hope this help you

Answer:

Thesaurus

Explanation:

Gradpoint :)

The addition of which of the following sentences would create an effective paragraph?Dogs and cats are both fantastic pets. Dogs are loving and playful. Cats are clean and self-sufficient. Dogs
are sometimes hyper. _______. Both are effective communicators in their own right. Either one would
make any lucky owner happy.
A. Owners must teach pets how to act.
B. Cats are normally calm and resigned.
C. Reptiles are good pets as well.
D. Both animals are fun.

Answers

Option B, Cats are normally calm and resigned, Would be the best for this paragraph because every other line talks about the same species. it takes an ABAB pattern. Because the previous sentence was about dogs, this one should be about cats. The only one meeting the Criteria is B

If you are writing a paragraph about domestic pets in general, then 'B' would be the answer to fill in the space

How do Pyramus and Thisbe speak to one another?

Answers

Pyramus and Thisbe were forbidden by their parents to marry. They spoke to each other through a crack on the wall. They arranged to meet at a mulberry tree and Thisbe arrives first. She sees a lion with blood in its mouth and she flees. When Pyramus arrives, he discovers Thisbe's veil. Thinking that she had been killed, Pyramus commits suicide by killing himself with a sword. Thisbe comes back and discovers, horrified, that Pyramus had died. Thisbe then kills herself with the same sword.
William Shakespeare recreated this story when he wrote the play Romeo and Juliet.

Final answer:

Pyramus and Thisbe speak to each other through a small crack in the wall, using whispers and gestures to communicate their love.

Explanation:

In the play 'Pyramus and Thisbe', Pyramus and Thisbe speak to one another through a small crack in the wall that separates their houses. They use whispers and gestures to communicate their love for each other.

For example, in Act 5, Scene 1, Pyramus says, 'O kiss me through the hole of this vile wall!' and Thisbe replies, 'I kiss the wall's hole, not your lips at all.' They continue to exchange their messages, with Pyramus expressing his desire and longing, and Thisbe responding in kind.

Although they can't physically touch or see each other, their communication shows their deep affection and the obstacles they face in their forbidden love.

Learn more about Pyramus and Thisbe here:

brainly.com/question/34612228

#SPJ2

Which sentence correctly uses the past perfect tense? Carl bought a ticket three weeks in advance. Carl will have lost his map by the end of the trip. Carl has packed three suitcases for his trip. Carl had asked his mother’s permission before he left town.

Answers

The past perfect tense indicates that an action was completed at some point in the past before something else happened.

Subject+had+past participle=past perfect tense.

Therefore, the sentence that uses the past perfect tense is, "Carl had asked his mother's permission before he left town."

A Past Perfect Tense indicates actions that have been accomplished or done in the past before another action takes place. In the choices given, the example of the sentence that uses past perfect tense is, "Carl had asked his mother's permission before he left town."

Other Questions

Select all that apply. Select the correctly spelled plural forms. fish fishes countries bookes books Milleres

The use of rhyme not only creates a sense of rhythm, but also serves to

Which of these lines spoken by Juliet in the play support the thesis statement?How camest thou hither, tell me, and wherefore? The orchard walls are high and hard to climb, And the place death, considering who thou art, If any of my kinsmen find thee here. Thou know'st the mask of night is on my face, Else would a maiden blush bepaint my cheek I have no joy of this contract to-night: It is too rash, too unadvised, too sudden; Too like the lightning, which doth cease to be How art thou out of breath, when thou hast breath To say to me that thou art out of breath? The excuse that thou dost make in this delay Is longer than the tale thou dost excuse.

Which of the following forms of communication developed most recently?a.Interviewingc.Computer Mediatedb.Mass Communicationd.Small GroupPlease select the best answer from the choices providedABCD