Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Which of the following was a justification for the law of supply? O Common Sense O Decreas...

Which of the following was a justification for the law of supply? O Common Sense O Decreasing Marginal Utility The Income Affect O Increased potential profit All of the above were justifications

Which of the following was a justification for the law of supply? O Common Sense O Decreasing Marginal Utility The Income Affect O Increased potential profit All of the above were justifications given for the law of supply Question 17 The law of demand shows that there is O an inverse relationship between price and profit. O an inverse relationship between price and resource cost. an inverse relationship between price and quantity demanded. O a direct relationship between price and quantity demanded O a direct relationship between income and quantity demanded. Question 18 Which of the following is a determinant of demand? O Technology O Number of tims O Price O Income O Both cand d Question 19 If the price of smart phones increases which of the following will happen? The supply of smart phones will increase The demand for smart phones will increase The demand for smart phones will decrease o Botha and O None of the above Question 20 Which of the following is a determinant of supply? O Cost of inputs. Thes and Subsidies O Income Al of the above O Botha and b

Apr 12 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions