Which are characteristics of the law of supply? CHECK ALL THAT APPLY.

A. The more money a producer can earn for an item, the more they will keep making.
B. Consumers are only willing to spend so much on a particular item.
C. If an item is not turning a profit, the producer will not keep much around.
D. The higher the price of an item the higher the quantity supplied.
E. The higher the price of an item the lower the quantity supplied.

Question

01-04-2021
Social Studies

Answered

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Which are characteristics of the law of supply? CHECK ALL THAT APPLY.

A. The more money a producer can earn for an item, the more they will keep making.
B. Consumers are only willing to spend so much on a particular item.
C. If an item is not turning a profit, the producer will not keep much around.
D. The higher the price of an item the higher the quantity supplied.
E. The higher the price of an item the lower the quantity supplied.

Sagot :

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