lgncsh
Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Which situation best illustrates an effect of the law of supply?
A. A car company sells a lot more cars after it lowers its prices.
B. A theater sells more tickets when income rise across a country.
C. A store stocks more phones when it learns that their selling price has gone up.
D. A restaurant increases the number of items on the menu to attract customers.​


Sagot :

Law of supply is the direct relationship between quantity and price. So when prices increase the quantity will increase, this is best demonstrated by C.