26) A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates
A) the law of supply.
B) a change in supply.
C) the nature of an inferior good.
D) the law of demand.

Question

30-11-2022
SAT

Answered

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26) A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates
A) the law of supply.
B) a change in supply.
C) the nature of an inferior good.
D) the law of demand.

Sagot :

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26) A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates A) the law of supply. B) a change in supply. C) the nature of an inferior good. D) the law of demand.

Sagot :

Other Questions

26) A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates
A) the law of supply.
B) a change in supply.
C) the nature of an inferior good.
D) the law of demand.